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

Lindblad Expeditions (NASDAQ:LIND) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $22.25.

A number of equities research analysts have weighed in on LIND shares. Oppenheimer started coverage on Lindblad Expeditions in a report on Monday. They issued an “outperform” rating and a $25.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, January 22nd. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Benchmark upped their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Citigroup began coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a “buy” rating for the company.

Lindblad Expeditions Stock Performance

Shares of LIND opened at $17.63 on Friday. The stock has a market capitalization of $1.15 billion, a P/E ratio of -27.98 and a beta of 2.20. Lindblad Expeditions has a 1 year low of $7.45 and a 1 year high of $21.23. The company’s fifty day moving average is $18.11 and its two-hundred day moving average is $14.74.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Thursday, February 26th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.13). The firm had revenue of $183.18 million for the quarter, compared to the consensus estimate of $167.66 million. Sell-side analysts predict that Lindblad Expeditions will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 233,505 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $17.27, for a total value of $4,032,631.35. Following the completion of the transaction, the director directly owned 10,939,274 shares of the company’s stock, valued at approximately $188,921,261.98. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $16.08, for a total transaction of $3,575,966.88. Following the sale, the chief executive officer owned 23,466 shares of the company’s stock, valued at approximately $377,333.28. The trade was a 90.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,846,119 shares of company stock worth $30,929,291. Corporate insiders own 34.00% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds have recently bought and sold shares of the company. Pier Capital LLC purchased a new stake in Lindblad Expeditions during the third quarter worth $6,076,000. Millennium Management LLC grew its holdings in 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 purchasing an additional 446,294 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Lindblad Expeditions by 108.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock valued at $6,920,000 after buying an additional 308,463 shares in the last quarter. UBS Group AG raised its stake in shares of Lindblad Expeditions by 57.9% during the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after buying an additional 305,704 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Lindblad Expeditions by 76.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 604,437 shares of the company’s stock worth $8,716,000 after buying an additional 262,408 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.