Lindblad Expeditions (NASDAQ:LIND) Downgraded to “Hold” Rating by Texas Capital

Texas Capital downgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on LIND. Oppenheimer assumed coverage on Lindblad Expeditions in a research note on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target for the company. Capital One Financial set a $31.00 price objective on shares of Lindblad Expeditions in a research note on Monday. Benchmark upped their price objective on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lindblad Expeditions presently has a consensus rating of “Hold” and an average target price of $28.25.

Lindblad Expeditions Trading Down 4.1%

Shares of NASDAQ LIND opened at $28.35 on Monday. The stock has a 50 day simple moving average of $21.73 and a 200-day simple moving average of $18.81. The company has a market cap of $1.86 billion, a PE ratio of -52.50 and a beta of 2.26. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $30.00.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. Sell-side analysts forecast that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other news, insider Trey Byus sold 26,460 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $20.23, for a total value of $535,285.80. Following the completion of the sale, the insider owned 111,530 shares in the company, valued at $2,256,251.90. This represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John M. Fahey, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were 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 of the company’s stock, valued at $2,394,499.44. This represents a 2.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 88,602 shares of company stock valued at $1,966,009. 26.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Large investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its stake in shares of 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 purchasing an additional 1,322 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Lindblad Expeditions during the fourth quarter valued at approximately $57,000. Royal Bank of Canada lifted its stake in Lindblad Expeditions by 127.1% during the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 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 in the last quarter. Finally, Assetmark Inc. boosted its holdings in Lindblad Expeditions by 77.0% during the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock worth $94,000 after buying an additional 2,373 shares in the last quarter. Institutional investors 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.