Lindblad Expeditions (NASDAQ:LIND) Reaches New 1-Year High – Should You Buy?

Lindblad Expeditions (NASDAQ:LIND) shares hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $37.12 and last traded at $36.82, with a volume of 24,321 shares changing hands. The stock had previously closed at $35.82.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LIND. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. Jefferies Financial Group increased their target price on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the company a “hold” rating in a research report on Thursday, October 8th. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $30.00 price objective on shares of Lindblad Expeditions in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Lindblad Expeditions Stock Performance

The stock has a market capitalization of $2.42 billion, a PE ratio of -96.34 and a beta of 2.24. The company’s fifty day simple moving average is $31.05 and its two-hundred day simple moving average is $24.20.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. The company had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. Sell-side analysts forecast that Lindblad Expeditions will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 49,969 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $35.25, for a total transaction of $1,761,407.25. Following the transaction, the director directly owned 10,167,399 shares of the company’s stock, valued at $358,400,814.75. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold 519,803 shares of company stock worth $18,277,908 in the last ninety days. Corporate insiders own 26.10% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Lindblad Expeditions during the 2nd quarter valued at about $122,583,000. Bank of New York Mellon Corp acquired a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $19,362,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after buying an additional 393,359 shares during the last quarter. Nicholas Investment Partners LP acquired a new stake in shares of Lindblad Expeditions in the second quarter valued at about $9,587,000. Finally, Dimensional Fund Advisors LP raised its stake in Lindblad Expeditions by 59.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock valued at $13,598,000 after purchasing an additional 291,776 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.