Lindblad Expeditions (NASDAQ:LIND) Hits New 1-Year High – Still a Buy?

Lindblad Expeditions (NASDAQ:LIND)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $22.55 and last traded at $22.3350, with a volume of 20214 shares trading hands. The stock had previously closed at $21.37.

Analysts Set New Price Targets

LIND has been the topic of several recent analyst reports. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Oppenheimer began coverage on Lindblad Expeditions in a report on Monday, March 16th. They set an “outperform” rating and a $25.00 price objective on the stock. Benchmark raised their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Lindblad Expeditions Stock Up 1.8%

The firm has a fifty day simple moving average of $19.01 and a 200-day simple moving average of $16.90. The company has a market cap of $1.51 billion, a PE ratio of -42.56 and a beta of 2.21.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million for the quarter, compared to analysts’ expectations of $197.24 million. Equities research analysts forecast that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 2,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.26, for a total transaction of $40,520.00. Following the completion of the sale, the director owned 112,486 shares in the company, valued at approximately $2,278,966.36. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $17.57, for a total transaction of $983,920.00. Following the sale, the director owned 45,488 shares of the company’s stock, valued at $799,224.16. This trade represents a 55.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 107,728 shares of company stock worth $2,006,329. Company insiders own 26.10% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its stake in shares of Lindblad Expeditions by 58.1% during the second 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 period. Tower Research Capital LLC TRC boosted its stake in shares of 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 during the period. Kemnay Advisory Services Inc. acquired a new stake in Lindblad Expeditions in the fourth quarter valued at about $57,000. Royal Bank of Canada lifted its position in Lindblad Expeditions by 127.1% in 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 period. Finally, Assetmark Inc. lifted its position in Lindblad Expeditions by 77.0% in the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after purchasing an additional 2,373 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.