Lindblad Expeditions (NASDAQ:LIND) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Lindblad Expeditions (NASDAQ:LIND) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One research 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 12 month price target among analysts that have issued a report on the stock in the last year is $19.00.

A number of research firms have commented on LIND. Citigroup initiated coverage on Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus increased their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th.

Insider Buying and Selling

In other news, Director Sven-Olof Lindblad sold 28,002 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $17.61, for a total transaction of $493,115.22. Following the completion of the transaction, the director directly owned 10,783,962 shares in the company, valued at $189,905,570.82. This trade represents a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Benjamin Bressler sold 41,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $18.08, for a total value of $741,280.00. Following the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at $424,265.28. This trade represents a 63.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,782,351 shares of company stock worth $29,808,188. 34.00% of the stock is owned by corporate insiders.

Institutional Trading of Lindblad Expeditions

A number of large investors have recently made changes to their positions in LIND. Graham Capital Management L.P. raised its holdings in shares of Lindblad Expeditions by 2.4% in the 4th quarter. Graham Capital Management L.P. now owns 24,763 shares of the company’s stock valued at $357,000 after purchasing an additional 590 shares in the last quarter. Summit Global Investments grew its position in shares of Lindblad Expeditions by 3.5% during the second quarter. Summit Global Investments now owns 25,328 shares of the company’s stock worth $296,000 after acquiring an additional 848 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Lindblad Expeditions by 0.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock valued at $1,735,000 after acquiring an additional 958 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after purchasing an additional 1,037 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in shares of Lindblad Expeditions by 7.1% during the third quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock worth $206,000 after buying an additional 1,065 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindblad Expeditions Trading Up 2.3%

Shares of NASDAQ LIND opened at $20.54 on Wednesday. The stock’s fifty day simple moving average is $16.18 and its two-hundred day simple moving average is $13.98. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $20.90. The stock has a market capitalization of $1.14 billion, a PE ratio of -31.12 and a beta of 2.27.

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.