Lindblad Expeditions (NASDAQ:LIND) Sets New 1-Year High – Time to Buy?

Lindblad Expeditions (NASDAQ:LIND)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $26.56 and last traded at $25.9790, with a volume of 1410609 shares traded. The stock had previously closed at $25.75.

Wall Street Analysts Forecast Growth

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

Lindblad Expeditions Stock Down 0.5%

The stock has a market cap of $1.68 billion, a PE ratio of -47.86 and a beta of 2.26. The firm has a 50-day simple moving average of $20.77 and a 200-day simple moving average of $18.16.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to analysts’ expectations of $197.24 million. On average, research analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John M. Fahey, Jr. sold 3,500 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.04, for a total value of $70,140.00. Following the sale, the director directly owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Elliott Bisnow sold 44,642 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the sale, the director directly owned 25,872 shares in the company, valued at approximately $626,361.12. The trade was a 63.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 88,602 shares of company stock worth $1,966,009 in the last quarter. 26.10% of the stock is owned by company insiders.

Institutional Trading of Lindblad Expeditions

Institutional investors and hedge funds have recently bought and sold shares of the company. Militia Capital Management LLC bought a new position in Lindblad Expeditions in the 1st quarter valued at $1,643,000. Summitry LLC bought a new position in shares of Lindblad Expeditions in the first quarter worth $208,000. Bank of America Corp DE increased its holdings in shares of Lindblad Expeditions by 96.8% in the first quarter. Bank of America Corp DE now owns 546,832 shares of the company’s stock worth $9,460,000 after purchasing an additional 269,039 shares during the period. Quantinno Capital Management LP raised its position in shares of Lindblad Expeditions by 10.0% in the first 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 in the last quarter. Finally, Granahan Investment Management LLC raised its position in shares of Lindblad Expeditions by 11.5% in the first 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. 75.94% of the stock is currently 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.