Lindblad Expeditions (NASDAQ:LIND) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on Lindblad Expeditions from $11.00 to $10.00 and set a hold rating for the company in a research report on Tuesday, April 2nd.

Lindblad Expeditions Trading Up 0.1 %

Shares of LIND opened at $7.30 on Monday. Lindblad Expeditions has a 52 week low of $5.47 and a 52 week high of $12.13. The stock has a fifty day moving average of $8.44 and a 200-day moving average of $8.49.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.23). The company had revenue of $125.36 million for the quarter, compared to analyst estimates of $127.70 million. Sell-side analysts predict that Lindblad Expeditions will post -0.46 earnings per share for the current fiscal year.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, Director Alex P. Schultz purchased 33,016 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was purchased at an average cost of $7.47 per share, for a total transaction of $246,629.52. Following the acquisition, the director now owns 126,400 shares in the company, valued at approximately $944,208. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 34.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Several institutional investors and hedge funds have recently made changes to their positions in LIND. State Board of Administration of Florida Retirement System acquired a new position in Lindblad Expeditions in the third quarter valued at approximately $72,000. SG Americas Securities LLC acquired a new stake in shares of Lindblad Expeditions during the 3rd quarter worth approximately $108,000. PFG Investments LLC acquired a new stake in shares of Lindblad Expeditions during the 1st quarter worth approximately $152,000. Quest Partners LLC acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth approximately $200,000. Finally, Virtu Financial LLC acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth approximately $204,000. Institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.