Lindblad Expeditions (NASDAQ:LIND) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a research note published on Saturday morning.

Several other research firms have also recently issued reports on LIND. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft set a $29.00 price target on Lindblad Expeditions in a research note on Thursday. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a research report on Monday, June 29th. Finally, Stifel Nicolaus set a $37.00 target price on shares of Lindblad Expeditions in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.20.

Lindblad Expeditions Trading Down 0.4%

Lindblad Expeditions stock opened at $33.95 on Friday. The firm has a market cap of $2.23 billion, a P/E ratio of -89.34 and a beta of 2.24. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $34.95. The firm has a 50-day moving average of $26.73 and a 200-day moving average of $21.55.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. The company had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. Research analysts forecast that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.26, for a total transaction of $40,520.00. Following the sale, the director directly owned 112,486 shares in the company, valued at $2,278,966.36. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Elliott Bisnow sold 44,642 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total value of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares of the company’s stock, valued at $626,361.12. This represents a 63.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,602 shares of company stock worth $1,966,009 over the last ninety days. 26.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Lindblad Expeditions during the second quarter worth about $122,583,000. Vanguard Group Inc. increased its stake in shares of Lindblad Expeditions by 1.3% during the third quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after purchasing an additional 29,642 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Lindblad Expeditions by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after purchasing an additional 46,955 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lindblad Expeditions by 44.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after purchasing an additional 393,359 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Lindblad Expeditions by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 908,796 shares of the company’s stock worth $13,107,000 after purchasing an additional 5,553 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.