Lindblad Expeditions (NASDAQ:LIND) Hits New 12-Month High – What’s Next?

Lindblad Expeditions (NASDAQ:LIND)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $20.95 and last traded at $20.8310, with a volume of 153859 shares trading hands. The stock had previously closed at $20.54.

Analyst Ratings Changes

LIND has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Stifel Nicolaus boosted their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, Citigroup started coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Lindblad Expeditions Stock Up 0.7%

The company has a market cap of $1.15 billion, a P/E ratio of -31.35 and a beta of 2.27. The business has a 50-day moving average price of $16.18 and a two-hundred day moving average price of $13.98.

Insider Activity

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 41,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $18.08, for a total transaction of $741,280.00. Following the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $424,265.28. This represents a 63.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sven-Olof Lindblad sold 28,002 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $17.61, for a total transaction of $493,115.22. Following the completion of the transaction, the director directly owned 10,783,962 shares in the company, valued at $189,905,570.82. This trade represents a 0.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,782,351 shares of company stock valued at $29,808,188 over the last three months. Company insiders own 34.00% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

A number of hedge funds and other institutional investors have recently bought and sold shares of LIND. Pier Capital LLC bought a new stake in shares of Lindblad Expeditions during the 3rd quarter valued at $6,076,000. Millennium Management LLC boosted its position in shares of Lindblad Expeditions by 115.1% in the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after purchasing an additional 446,294 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Lindblad Expeditions by 108.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock worth $6,920,000 after purchasing an additional 308,463 shares during the last quarter. UBS Group AG grew its stake in shares of Lindblad Expeditions by 57.9% during the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after purchasing an additional 305,704 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Lindblad Expeditions by 76.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 604,437 shares of the company’s stock valued at $8,716,000 after purchasing an additional 262,408 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

About Lindblad Expeditions

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.