Lindblad Expeditions (NASDAQ:LIND) Hits New 52-Week High – Should You Buy?

Lindblad Expeditions (NASDAQ:LIND)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $35.00 and last traded at $34.3190, with a volume of 57422 shares. The stock had previously closed at $34.48.

Wall Street Analyst Weigh In

LIND has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $29.00 price target on Lindblad Expeditions in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Texas Capital lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Finally, Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $31.20.

Lindblad Expeditions Price Performance

The business’s 50-day moving average price is $27.63 and its two-hundred day moving average price is $22.08. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -90.19 and a beta of 2.24.

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

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the sale, the director directly owned 25,872 shares of the company’s stock, valued at $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John M. Fahey, Jr. sold 2,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.26, for a total transaction of $40,520.00. Following the completion of the sale, the director directly owned 112,486 shares in the company, valued at approximately $2,278,966.36. This trade represents a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 56,642 shares of company stock valued at $1,321,803 in the last quarter. Insiders own 26.10% of the company’s stock.

Institutional Trading of Lindblad Expeditions

Several large investors have recently added to or reduced their stakes in LIND. Allworth Financial LP acquired a new position in shares of Lindblad Expeditions during the second quarter valued at $38,000. Osaic Holdings Inc. raised its position in shares of Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after purchasing an additional 1,322 shares during the period. Tower Research Capital LLC TRC raised its holdings 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 worth $56,000 after buying an additional 3,311 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions during the fourth quarter valued at approximately $57,000. Finally, Silvant Capital Management LLC acquired a new stake in Lindblad Expeditions during the 2nd quarter valued at $58,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.