Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director Acquires $194,510.86 in Stock

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director Alex P. Schultz bought 25,294 shares of the company’s stock in a transaction on Monday, May 20th. The shares were acquired at an average price of $7.69 per share, with a total value of $194,510.86. Following the transaction, the director now directly owns 151,694 shares in the company, valued at approximately $1,166,526.86. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Lindblad Expeditions Price Performance

Shares of LIND stock opened at $8.09 on Friday. Lindblad Expeditions Holdings, Inc. has a 12-month low of $5.47 and a 12-month high of $12.13. The firm has a fifty day moving average of $7.96 and a 200-day moving average of $8.63.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The firm had revenue of $153.61 million for the quarter, compared to the consensus estimate of $150.24 million. Equities analysts predict that Lindblad Expeditions Holdings, Inc. will post -0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on LIND. StockNews.com upgraded shares of Lindblad Expeditions from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, April 2nd. Finally, Craig Hallum dropped their target price on shares of Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.50.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System acquired a new position in Lindblad Expeditions in the 3rd quarter worth $72,000. Price T Rowe Associates Inc. MD acquired a new position in Lindblad Expeditions in the 1st quarter worth $95,000. PFG Investments LLC acquired a new position in Lindblad Expeditions in the 1st quarter worth $152,000. Quest Partners LLC acquired a new position in Lindblad Expeditions in the 4th quarter worth $200,000. Finally, Virtu Financial LLC acquired a new position in Lindblad Expeditions in the 4th quarter worth $204,000. 75.94% of the stock is owned by institutional investors and hedge funds.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.