Lindblad Expeditions (NASDAQ:LIND) Sets New 12-Month High – Time to Buy?

Lindblad Expeditions (NASDAQ:LIND)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $24.82 and last traded at $24.1150, with a volume of 34367 shares changing hands. The stock had previously closed at $23.45.

Wall Street Analyst Weigh In

Several equities analysts have commented on LIND shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Benchmark upped their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, Oppenheimer started coverage on Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Lindblad Expeditions Stock Performance

The stock has a fifty day moving average price of $20.06 and a 200-day moving average price of $17.71. The firm has a market capitalization of $1.56 billion, a PE ratio of -44.11 and a beta of 2.26.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) 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. Research analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 3,500 shares of Lindblad Expeditions stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $20.04, for a total value of $70,140.00. Following the transaction, the director owned 119,486 shares in the company, valued at $2,394,499.44. The trade was a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Trey Byus sold 26,460 shares of Lindblad Expeditions 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 completion of the transaction, the insider owned 111,530 shares in the company, valued at $2,256,251.90. This trade represents a 19.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 43,960 shares of company stock worth $885,226 in the last quarter. 26.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its stake in Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Lindblad Expeditions during the 4th quarter valued at about $57,000. Royal Bank of Canada lifted its holdings in shares of Lindblad Expeditions by 127.1% during the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after purchasing an additional 2,515 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of Lindblad Expeditions by 77.0% during the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock worth $94,000 after purchasing an additional 2,373 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

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.