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

Lindblad Expeditions (NASDAQ:LIND) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.25.

LIND has been the topic of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 target price on the stock. Citigroup initiated coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a “buy” rating on the stock. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Stifel Nicolaus increased their target price on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd.

Lindblad Expeditions Stock Up 10.5%

NASDAQ LIND opened at $18.89 on Thursday. Lindblad Expeditions has a 52 week low of $7.48 and a 52 week high of $21.23. The stock has a market capitalization of $1.23 billion, a PE ratio of -29.98 and a beta of 2.25. The firm has a 50 day moving average of $18.49 and a two-hundred day moving average of $15.13.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.13). The business had revenue of $183.18 million for the quarter, compared to the consensus estimate of $167.66 million. On average, equities research analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In related news, Director Jr. Thomas S. Smith sold 56,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $17.57, for a total value of $983,920.00. Following the completion of the sale, the director directly owned 45,488 shares of the company’s stock, valued at $799,224.16. This represents a 55.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sven-Olof Lindblad sold 28,002 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $17.61, for a total value of $493,115.22. Following the completion of the sale, the director directly owned 10,783,962 shares of the company’s stock, valued at approximately $189,905,570.82. This trade represents a 0.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,800,368 shares of company stock valued at $30,241,518 in the last 90 days. Company insiders own 34.00% of the company’s stock.

Institutional Trading of Lindblad Expeditions

A number of large investors have recently bought and sold shares of LIND. Pier Capital LLC acquired a new stake in Lindblad Expeditions during the 3rd quarter worth $6,076,000. Millennium Management LLC boosted its stake in 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 during the period. Arrowstreet Capital Limited Partnership boosted its stake in Lindblad Expeditions by 108.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock worth $6,920,000 after purchasing an additional 308,463 shares during the period. UBS Group AG boosted its stake in Lindblad Expeditions by 57.9% during the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after purchasing an additional 305,704 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Lindblad Expeditions by 76.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 604,437 shares of the company’s stock worth $8,716,000 after purchasing an additional 262,408 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.