Lindblad Expeditions (NASDAQ:LIND) Shares Up 9.7% – Should You Buy?

Lindblad Expeditions (NASDAQ:LIND) was up 9.7% on Thursday . The company traded as high as $26.26 and last traded at $26.2950. Approximately 398,816 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 768,351 shares. The stock had previously closed at $23.96.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LIND. Benchmark lifted their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Oppenheimer began coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

Lindblad Expeditions Stock Performance

The stock has a fifty day moving average of $20.46 and a 200-day moving average of $17.97. The company has a market cap of $1.72 billion, a PE ratio of -48.67 and a beta of 2.26.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to analysts’ expectations of $197.24 million. As a group, equities analysts anticipate that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Insider Activity

In related news, insider Trey Byus sold 26,460 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.23, for a total value of $535,285.80. Following the transaction, the insider owned 111,530 shares of the company’s stock, valued at $2,256,251.90. This trade represents a 19.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John M. Fahey, Jr. sold 3,500 shares of Lindblad Expeditions stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.04, for a total transaction of $70,140.00. Following the sale, the director owned 119,486 shares of the company’s stock, valued at $2,394,499.44. The trade was a 2.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 43,960 shares of company stock worth $885,226 in the last ninety days. 26.10% of the stock is currently owned by insiders.

Institutional Trading of Lindblad Expeditions

Several institutional investors and hedge funds have recently modified their holdings of the stock. Militia Capital Management LLC purchased a new stake in shares of Lindblad Expeditions in the first quarter valued at approximately $1,643,000. Summitry LLC bought a new stake in Lindblad Expeditions during the 1st quarter valued at $208,000. Bank of America Corp DE raised its position in Lindblad Expeditions by 96.8% during the 1st quarter. Bank of America Corp DE now owns 546,832 shares of the company’s stock valued at $9,460,000 after purchasing an additional 269,039 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Lindblad Expeditions by 10.0% in the 1st quarter. Quantinno Capital Management LP now owns 18,408 shares of the company’s stock worth $318,000 after buying an additional 1,668 shares during the period. Finally, Granahan Investment Management LLC grew its position in shares of Lindblad Expeditions by 11.5% during the 1st quarter. Granahan Investment Management LLC now owns 385,383 shares of the company’s stock worth $6,667,000 after buying an additional 39,809 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.