Lindblad Expeditions (NASDAQ:LIND) Receives Average Recommendation of “Moderate Buy” from Brokerages

Lindblad Expeditions (NASDAQ:LIND) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $31.20.

LIND has been the topic of a number of recent research reports. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Benchmark lifted their price target on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th.

Insider Buying and Selling

In related news, insider Trey Byus sold 10,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $20.05, for a total value of $200,500.00. Following the completion of the transaction, the insider owned 101,530 shares of the company’s stock, valued at approximately $2,035,676.50. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John M. Fahey, Jr. sold 2,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $20.26, for a total value of $40,520.00. Following the completion of the sale, the director owned 112,486 shares of the company’s stock, valued at $2,278,966.36. The trade was a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 57,642 shares of company stock valued at $1,341,193. Company insiders own 26.10% of the company’s stock.

Institutional Trading of Lindblad Expeditions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Lindblad Expeditions during the second quarter worth $122,583,000. Bank of New York Mellon Corp purchased a new position in Lindblad Expeditions during the second quarter valued at $19,362,000. Millennium Management LLC increased its holdings in Lindblad Expeditions by 115.1% in the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after acquiring an additional 446,294 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Lindblad Expeditions by 44.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after acquiring an additional 393,359 shares during the last quarter. Finally, UBS Group AG lifted its stake in Lindblad Expeditions by 57.9% in the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after purchasing an additional 305,704 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Trading Down 0.6%

Shares of NASDAQ LIND opened at $32.84 on Wednesday. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $34.95. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -86.42 and a beta of 2.24. The firm has a 50 day moving average of $27.13 and a 200 day moving average of $21.83.

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

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.