Lindblad Expeditions (LIND) Raised to Sell at BidaskClub

Lindblad Expeditions (NASDAQ:LIND) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

A number of other research firms also recently issued reports on LIND. TheStreet raised Lindblad Expeditions from a “c” rating to a “b” rating in a research report on Thursday, November 16th. Zacks Investment Research raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Lindblad Expeditions currently has a consensus rating of “Hold” and an average target price of $11.25.

Lindblad Expeditions (NASDAQ LIND) traded up $0.15 during trading hours on Thursday, reaching $9.23. The company’s stock had a trading volume of 72,249 shares, compared to its average volume of 73,271. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 1.31. Lindblad Expeditions has a twelve month low of $8.38 and a twelve month high of $11.26. The stock has a market capitalization of $419.35, a P/E ratio of -230.75 and a beta of 0.10.

In related news, Director John M. Fahey, Jr. purchased 3,000 shares of Lindblad Expeditions stock in a transaction dated Tuesday, December 19th. The stock was bought at an average cost of $9.80 per share, for a total transaction of $29,400.00. Following the completion of the transaction, the director now owns 34,958 shares in the company, valued at $342,588.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 50.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of Lindblad Expeditions by 0.3% in the second quarter. Wells Fargo & Company MN now owns 16,086 shares of the company’s stock valued at $169,000 after purchasing an additional 44 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Lindblad Expeditions by 39.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,088 shares of the company’s stock valued at $211,000 after purchasing an additional 5,694 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Lindblad Expeditions by 19.1% in the second quarter. California State Teachers Retirement System now owns 35,565 shares of the company’s stock valued at $373,000 after purchasing an additional 5,700 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in shares of Lindblad Expeditions by 17.1% in the fourth quarter. Monarch Partners Asset Management LLC now owns 49,990 shares of the company’s stock valued at $489,000 after purchasing an additional 7,300 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Lindblad Expeditions by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 72,928 shares of the company’s stock valued at $766,000 after purchasing an additional 7,401 shares in the last quarter. Institutional investors own 48.97% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/02/11/lindblad-expeditions-lind-raised-to-sell-at-bidaskclub.html.

Lindblad Expeditions Company Profile

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.

Receive News & Ratings for Lindblad Expeditions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindblad Expeditions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply