Lindblad Expeditions (NASDAQ:LIND) Receives Consensus Rating of “Moderate Buy” from Brokerages

Lindblad Expeditions (NASDAQ:LIND) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $19.00.

Several analysts have recently issued reports on LIND shares. Stifel Nicolaus increased their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Benchmark reaffirmed a “buy” rating on shares of Lindblad Expeditions in a research report on Thursday, January 15th. Citigroup started coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating for the company. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th.

Insider Transactions at Lindblad Expeditions

In related news, Director Sven-Olof Lindblad sold 86,639 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $16.29, for a total value of $1,411,349.31. Following the completion of the sale, the director owned 11,356,418 shares in the company, valued at $184,996,049.22. This represents a 0.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Benjamin Bressler sold 33,338 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $17.02, for a total value of $567,412.76. Following the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $399,391.32. This represents a 58.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 900,028 shares of company stock valued at $14,483,742. Insiders own 34.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LIND. Vanguard Group Inc. lifted its stake in shares of Lindblad Expeditions by 1.3% during the third quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after buying an additional 29,642 shares during the period. Anchor Capital Management Company LLC raised its holdings in Lindblad Expeditions by 7.4% in the 3rd quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after acquiring an additional 131,203 shares during the last quarter. Black Diamond Financial LLC lifted its stake in shares of Lindblad Expeditions by 13.6% during the 3rd quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after purchasing an additional 127,950 shares during the period. Penn Capital Management Company LLC boosted its holdings in shares of Lindblad Expeditions by 1.7% during the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after purchasing an additional 16,418 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its position in shares of Lindblad Expeditions by 4.5% in the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after purchasing an additional 41,750 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Performance

NASDAQ LIND opened at $16.67 on Friday. The stock’s fifty day moving average is $14.42 and its two-hundred day moving average is $13.36. The firm has a market capitalization of $923.52 million, a P/E ratio of -25.26 and a beta of 2.28. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $17.19.

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