Lindblad Expeditions (NASDAQ:LIND) Shares Down 7.7% – Should You Sell?

Lindblad Expeditions (NASDAQ:LIND) traded down 7.7% during mid-day trading on Thursday . The stock traded as low as $16.36 and last traded at $16.3330. 23,157 shares were traded during mid-day trading, a decline of 97% from the average session volume of 805,447 shares. The stock had previously closed at $17.70.

Analyst Upgrades and Downgrades

LIND has been the subject of a number of recent research reports. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Benchmark upped their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Stifel Nicolaus increased their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Citigroup began coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating for the company. Finally, Oppenheimer started coverage on Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.25.

Lindblad Expeditions Price Performance

The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -27.08 and a beta of 2.25. The business’s 50-day moving average price is $18.39 and its two-hundred day moving average price is $15.01.

Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.13). The company had revenue of $183.18 million for the quarter, compared to analysts’ expectations of $167.66 million. As a group, sell-side analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,768 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $17.66, for a total value of $137,182.88. Following the sale, the director directly owned 122,986 shares of the company’s stock, valued at approximately $2,171,932.76. This trade represents a 5.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jr. Thomas S. Smith sold 56,000 shares of Lindblad Expeditions stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $17.57, for a total value of $983,920.00. Following the completion of the sale, the director owned 45,488 shares of the company’s stock, valued at $799,224.16. This trade represents a 55.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,829,996 shares of company stock worth $30,687,123 in the last three months. Company insiders own 34.00% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its position in Lindblad Expeditions by 112.9% during the fourth quarter. Hsbc Holdings PLC now owns 53,749 shares of the company’s stock worth $775,000 after purchasing an additional 28,505 shares during the last quarter. Aristides Capital LLC boosted its holdings in shares of Lindblad Expeditions by 4.7% in the 4th quarter. Aristides Capital LLC now owns 26,180 shares of the company’s stock valued at $378,000 after purchasing an additional 1,180 shares during the last quarter. Invesco Ltd. grew its stake in shares of Lindblad Expeditions by 12.9% during the 4th quarter. Invesco Ltd. now owns 36,911 shares of the company’s stock valued at $532,000 after buying an additional 4,210 shares during the period. nVerses Capital LLC acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth $156,000. Finally, Numerai GP LLC increased its holdings in shares of Lindblad Expeditions by 93.6% during the 4th quarter. Numerai GP LLC now owns 37,392 shares of the company’s stock worth $539,000 after buying an additional 18,081 shares during the last quarter. 75.94% of the stock is currently 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.