Lindblad Expeditions (LIND) Downgraded by BidaskClub to “Sell”

Lindblad Expeditions (NASDAQ:LIND) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other equities research analysts also recently commented on the company. Deutsche Bank reiterated a “hold” rating and set a $10.00 target price (up from $9.50) on shares of Lindblad Expeditions in a report on Wednesday, August 9th. TheStreet upgraded Lindblad Expeditions from a “c” rating to a “b” rating in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.25.

Shares of Lindblad Expeditions (NASDAQ LIND) traded up $0.02 during trading hours on Friday, hitting $10.28. The company had a trading volume of 63,795 shares, compared to its average volume of 69,867. The stock has a market cap of $466.14, a P/E ratio of 205.20 and a beta of 0.91. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 1.31. Lindblad Expeditions has a 1-year low of $8.38 and a 1-year high of $11.26.

A number of hedge funds have recently bought and sold shares of the business. Epoch Investment Partners Inc. increased its holdings in Lindblad Expeditions by 27.3% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,055,119 shares of the company’s stock worth $11,290,000 after purchasing an additional 226,258 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Lindblad Expeditions by 49.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 278,370 shares of the company’s stock worth $2,979,000 after purchasing an additional 91,499 shares during the last quarter. Brown Advisory Inc. increased its holdings in Lindblad Expeditions by 4.8% during the 3rd quarter. Brown Advisory Inc. now owns 1,431,526 shares of the company’s stock worth $15,317,000 after purchasing an additional 66,130 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Lindblad Expeditions by 66.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 37,700 shares of the company’s stock worth $404,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Lindblad Expeditions by 57.0% during the 3rd quarter. Wells Fargo & Company MN now owns 25,247 shares of the company’s stock worth $270,000 after purchasing an additional 9,161 shares during the last quarter. Institutional investors own 49.03% of the company’s stock.

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About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.

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