Lindblad Expeditions (NASDAQ:LIND) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

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

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 16,123 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 23,466 shares in the company, valued at $352,459.32. This trade represents a 40.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 34.00% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently modified their holdings of the company. Pier Capital LLC bought a new position in Lindblad Expeditions during the third quarter worth about $6,076,000. Millennium Management LLC lifted its position in shares of Lindblad Expeditions by 115.1% in the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after buying an additional 446,294 shares during the last quarter. Ariel Investments LLC boosted its stake in shares of Lindblad Expeditions by 6.0% during the 1st 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 increased its holdings in shares of Lindblad Expeditions by 108.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock worth $6,920,000 after acquiring an additional 308,463 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Lindblad Expeditions during the 2nd quarter worth approximately $3,467,000. 75.94% of the stock is owned by institutional investors.

Lindblad Expeditions Stock Up 0.1%

Shares of LIND opened at $14.44 on Tuesday. Lindblad Expeditions has a twelve month low of $7.45 and a twelve month high of $15.06. The stock has a market capitalization of $799.98 million, a P/E ratio of -21.88 and a beta of 2.28. The company has a 50 day moving average of $12.83 and a 200-day moving average of $12.82.

Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Tuesday, November 4th. The company reported $0.33 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. On average, sell-side analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Lindblad Expeditions Company Profile

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.