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

Lindblad Expeditions (NASDAQ:LIND) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $30.50.

A number of brokerages have recently commented on LIND. Benchmark upped their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a research note on Monday, June 29th. Stifel Nicolaus lifted their price objective on shares of Lindblad Expeditions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Texas Capital downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $626,361.12. The trade was a 63.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Trey Byus sold 10,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $20.05, for a total value of $200,500.00. Following the completion of the transaction, the insider owned 101,530 shares of the company’s stock, valued at $2,035,676.50. The trade was a 8.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 88,602 shares of company stock valued at $1,966,009. 26.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Lindblad Expeditions by 1.3% in the third quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after buying an additional 29,642 shares in the last quarter. Principal Financial Group Inc. grew its stake in Lindblad Expeditions by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after acquiring an additional 46,955 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Lindblad Expeditions by 44.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after acquiring an additional 393,359 shares in the last quarter. Geode Capital Management LLC increased its holdings in Lindblad Expeditions by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 908,796 shares of the company’s stock valued at $13,107,000 after acquiring an additional 5,553 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Lindblad Expeditions by 115.1% during the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after purchasing an additional 446,294 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock opened at $27.80 on Friday. The stock has a 50-day simple moving average of $24.24 and a 200-day simple moving average of $20.30. The company has a market capitalization of $1.82 billion, a P/E ratio of -51.48 and a beta of 2.22. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $30.00.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. As a group, analysts forecast that Lindblad Expeditions will post 0.18 earnings per share for the current year.

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.