Lindblad Expeditions (NASDAQ:LIND) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Wednesday.

Separately, TheStreet raised Lindblad Expeditions from a “c” rating to a “b” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Lindblad Expeditions presently has an average rating of “Hold” and an average target price of $11.25.

Lindblad Expeditions (NASDAQ:LIND) opened at $9.74 on Wednesday. Lindblad Expeditions has a 12-month low of $8.38 and a 12-month high of $11.26. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a market capitalization of $443.43, a price-to-earnings ratio of 195.20 and a beta of 0.84.

Institutional investors have recently added to or reduced their stakes in the business. Evanston Investments Inc. dba Evanston Advisors purchased a new stake in Lindblad Expeditions in the second quarter valued at about $105,000. Trexquant Investment LP purchased a new stake in Lindblad Expeditions in the third quarter valued at about $128,000. SG Americas Securities LLC purchased a new stake in Lindblad Expeditions in the third quarter valued at about $164,000. Bank of America Corp DE raised its stake in Lindblad Expeditions by 120.9% in the first quarter. Bank of America Corp DE now owns 18,684 shares of the company’s stock valued at $167,000 after buying an additional 10,225 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Lindblad Expeditions by 0.3% in the second quarter. Wells Fargo & Company MN now owns 16,086 shares of the company’s stock valued at $169,000 after buying an additional 44 shares during the last quarter. Institutional investors own 49.03% of the company’s stock.

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Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.

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