Lindblad Expeditions (NASDAQ:LIND) Given Average Rating of “Hold” by Brokerages

Shares of Lindblad Expeditions (NASDAQ:LIND) have received an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $31.20.

LIND has been the topic of several research analyst reports. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a research note on Tuesday, August 4th. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Texas Capital downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Benchmark boosted their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th.

Insider Activity

In related news, Director Michael Bisnow sold 44,642 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were 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 owned 25,872 shares of the company’s stock, valued at $626,361.12. This represents a 63.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.10% of the company’s stock.

Institutional Trading of Lindblad Expeditions

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in shares of Lindblad Expeditions by 44.4% during the first quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after acquiring an additional 4,921 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after purchasing an additional 1,037 shares during the last quarter. Creative Planning bought a new stake in Lindblad Expeditions in the 2nd quarter valued at about $174,000. JPMorgan Chase & Co. boosted its stake in Lindblad Expeditions by 78.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 311,363 shares of the company’s stock valued at $3,634,000 after purchasing an additional 137,312 shares during the period. Finally, Rhumbline Advisers boosted its stake in Lindblad Expeditions by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 55,012 shares of the company’s stock valued at $642,000 after purchasing an additional 4,114 shares during the period. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Down 0.6%

LIND stock opened at $25.87 on Friday. The stock’s 50 day moving average is $29.29 and its two-hundred day moving average is $23.35. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $35.00. The company has a market capitalization of $1.70 billion, a PE ratio of -68.08 and a beta of 2.22.

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

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.