Lindblad Expeditions (NASDAQ:LIND) Rating Lowered to “Hold” at Texas Capital

Lindblad Expeditions (NASDAQ:LIND) was downgraded by stock analysts at Texas Capital from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on LIND. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Oppenheimer began coverage on shares of Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target for the company. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Finally, Benchmark upped their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions has an average rating of “Hold” and a consensus target price of $28.25.

Lindblad Expeditions Price Performance

Shares of LIND stock opened at $28.35 on Monday. The business has a 50 day simple moving average of $21.73 and a 200 day simple moving average of $18.81. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -52.50 and a beta of 2.26. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $30.00.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. On average, equities analysts anticipate that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.26, for a total value of $40,520.00. Following the completion of the transaction, the director directly owned 112,486 shares in the company, valued at $2,278,966.36. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Elliott Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the transaction, the director directly owned 25,872 shares in the company, valued at approximately $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 88,602 shares of company stock valued at $1,966,009. 26.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of Lindblad Expeditions by 112.4% in the fourth quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock valued at $2,484,000 after purchasing an additional 91,176 shares in the last quarter. Pier Capital LLC purchased a new position in shares of Lindblad Expeditions during the third quarter valued at $6,076,000. Pinnacle Associates Ltd. raised its position in Lindblad Expeditions by 4.5% during the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after buying an additional 41,750 shares during the period. Anchor Capital Management Company LLC raised its position in Lindblad Expeditions by 7.4% during the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after buying an additional 131,203 shares during the period. Finally, UBS Group AG lifted its stake in Lindblad Expeditions by 57.9% in the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after acquiring an additional 305,704 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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.