Lindblad Expeditions (NASDAQ:LIND) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday.
Several other equities analysts have also recently weighed in on LIND. Zacks Investment Research upgraded shares of Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Citigroup lowered their price objective on shares of Lindblad Expeditions from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, March 5th. ValuEngine cut shares of Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, TheStreet cut shares of Lindblad Expeditions from a “b-” rating to a “c” rating in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.25.
Shares of Lindblad Expeditions (NASDAQ LIND) traded up $0.32 during trading hours on Wednesday, hitting $9.90. 192,004 shares of the stock traded hands, compared to its average volume of 102,482. Lindblad Expeditions has a 52-week low of $8.38 and a 52-week high of $11.26. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.54. The company has a market cap of $439.88, a PE ratio of -46.43 and a beta of 0.13.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIND. Epoch Investment Partners Inc. raised its stake 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 acquiring an additional 226,258 shares during the period. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 91,499 shares during the period. Northern Trust Corp raised its stake in Lindblad Expeditions by 50.9% during the 2nd quarter. Northern Trust Corp now owns 262,499 shares of the company’s stock worth $2,756,000 after acquiring an additional 88,538 shares during the period. Millennium Management LLC raised its stake in Lindblad Expeditions by 349.8% during the 4th quarter. Millennium Management LLC now owns 102,832 shares of the company’s stock worth $1,007,000 after acquiring an additional 79,969 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Lindblad Expeditions by 53.0% during the 4th quarter. Renaissance Technologies LLC now owns 204,700 shares of the company’s stock worth $2,004,000 after acquiring an additional 70,900 shares during the period. Institutional investors own 46.00% of the company’s stock.
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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.
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