Lindblad Expeditions (NASDAQ:LIND) Receives Average Recommendation of “Moderate Buy” from Analysts

Lindblad Expeditions (NASDAQ:LIND) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $24.3333.

LIND has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Benchmark increased their price objective on 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 Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Oppenheimer assumed coverage on Lindblad Expeditions in a research note on Monday, March 16th. They set an “outperform” rating and a $25.00 price objective on the stock.

Insiders Place Their Bets

In other Lindblad Expeditions news, insider Trey Byus sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.05, for a total value of $200,500.00. Following the sale, the insider directly owned 101,530 shares of the company’s stock, valued at approximately $2,035,676.50. This trade represents a 8.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the firm’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 in the company, valued at approximately $799,224.16. The trade was a 55.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 107,728 shares of company stock valued at $2,006,329. Insiders own 26.10% of the company’s stock.

Institutional Trading of Lindblad Expeditions

A number of hedge funds have recently added to or reduced their stakes in LIND. Osaic Holdings Inc. boosted its stake in Lindblad Expeditions by 58.1% in the 2nd 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 stake in Lindblad Expeditions by 222.1% in the 2nd 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. acquired a new stake in Lindblad Expeditions in the 4th quarter worth about $57,000. Royal Bank of Canada boosted its stake in Lindblad Expeditions by 127.1% in the 4th 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. boosted its stake in Lindblad Expeditions by 77.0% in 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 last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Lindblad Expeditions Stock Up 2.1%

LIND opened at $22.20 on Friday. The firm has a market cap of $1.46 billion, a P/E ratio of -41.11 and a beta of 2.26. Lindblad Expeditions has a 52 week low of $10.46 and a 52 week high of $23.78. The business’s fifty day simple moving average is $19.49 and its 200 day simple moving average is $17.26.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. As a group, equities analysts expect that Lindblad Expeditions will post 0.09 EPS 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.