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

Shares of Lindblad Expeditions (NASDAQ:LIND) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $24.3333.

A number of brokerages have recently issued reports on LIND. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. 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 price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Oppenheimer began coverage on Lindblad Expeditions in a research note on Monday, March 16th. They set an “outperform” rating and a $25.00 price objective for the company.

Insider Activity

In other news, insider Trey Byus sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.05, for a total transaction of $200,500.00. Following the completion of the sale, the insider owned 101,530 shares of the company’s stock, valued at approximately $2,035,676.50. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John M. Fahey, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.26, for a total value of $40,520.00. Following the sale, the director directly owned 112,486 shares of the company’s stock, valued at approximately $2,278,966.36. This trade represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 107,728 shares of company stock valued at $2,006,329. 26.10% of the stock is currently owned by company insiders.

Institutional Trading of Lindblad Expeditions

Institutional investors have recently made changes to their positions in the stock. Black Diamond Financial LLC raised its holdings in Lindblad Expeditions by 13.6% in the 3rd quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after purchasing an additional 127,950 shares in the last quarter. Pier Capital LLC bought a new position in Lindblad Expeditions in the 3rd quarter worth $6,076,000. SG Americas Securities LLC raised its holdings in Lindblad Expeditions by 112.4% in the 4th quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock worth $2,484,000 after purchasing an additional 91,176 shares in the last quarter. Anchor Capital Management Company LLC raised its holdings in Lindblad Expeditions by 7.4% in the 3rd quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after purchasing an additional 131,203 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in Lindblad Expeditions by 4.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock worth $12,321,000 after purchasing an additional 41,750 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Performance

Shares of Lindblad Expeditions stock opened at $22.98 on Friday. Lindblad Expeditions has a 52-week low of $10.28 and a 52-week high of $23.36. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -42.56 and a beta of 2.21. The company has a fifty day moving average of $19.01 and a 200-day moving average of $16.90.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to analysts’ expectations of $197.24 million. On average, equities research analysts forecast that Lindblad Expeditions will post 0.09 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.