Lindblad Expeditions (NASDAQ:LIND) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Lindblad Expeditions (NASDAQ:LIND) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $17.3333.

A number of research firms have recently commented on LIND. Citigroup began coverage on Lindblad Expeditions in a research report on Tuesday. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Benchmark started coverage on shares of Lindblad Expeditions in a research note on Tuesday. They set a “buy” rating and a $18.00 price target on the stock. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th.

Insider Activity at Lindblad Expeditions

In related news, CEO Benjamin Bressler sold 16,123 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $15.02, for a total value of $242,167.46. Following the transaction, the chief executive officer owned 23,466 shares in the company, valued at approximately $352,459.32. This trade represents a 40.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 34.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lindblad Expeditions

A number of hedge funds have recently made changes to their positions in the business. Pier Capital LLC acquired a new stake in Lindblad Expeditions in the 3rd quarter valued at about $6,076,000. Millennium Management LLC boosted its holdings in shares of Lindblad Expeditions by 115.1% during the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after buying an additional 446,294 shares during the period. Ariel Investments LLC increased its position in Lindblad Expeditions by 6.0% during the first quarter. Ariel Investments LLC now owns 7,777,768 shares of the company’s stock worth $72,100,000 after acquiring an additional 441,046 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Lindblad Expeditions by 108.4% in the second 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 period. Finally, GC Wealth Management RIA LLC acquired a new stake in Lindblad Expeditions in the 2nd quarter valued at $3,467,000. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Price Performance

Shares of LIND opened at $14.40 on Tuesday. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $15.06. The firm has a 50-day simple moving average of $12.69 and a two-hundred day simple moving average of $12.73. The stock has a market cap of $797.82 million, a PE ratio of -21.53 and a beta of 2.36.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $240.17 million for the quarter, compared to analysts’ expectations of $229.68 million. As a group, sell-side analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

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.