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

Lindblad Expeditions (NASDAQ:LIND) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $24.3333.

A number of research firms recently commented on LIND. Oppenheimer began coverage on Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 price target on the stock. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Finally, 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.

Lindblad Expeditions Price Performance

NASDAQ LIND opened at $25.55 on Tuesday. The firm has a market cap of $1.68 billion, a PE ratio of -47.31 and a beta of 2.26. Lindblad Expeditions has a one year low of $10.55 and a one year high of $26.56. The stock’s 50 day simple moving average is $20.90 and its 200 day simple moving average is $18.26.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to the consensus estimate of $197.24 million. As a group, equities analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current year.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the transaction, the director owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. This represents a 63.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Fahey, Jr. sold 3,500 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $20.04, for a total value of $70,140.00. Following the transaction, the director directly owned 119,486 shares in the company, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 88,602 shares of company stock valued at $1,966,009. 26.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LIND. Osaic Holdings Inc. boosted its holdings in Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after buying an additional 3,311 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Lindblad Expeditions during the fourth quarter worth about $57,000. Royal Bank of Canada boosted its holdings in Lindblad Expeditions by 127.1% during the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after buying an additional 2,515 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Lindblad Expeditions by 77.0% during the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock worth $94,000 after buying an additional 2,373 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.