Lindblad Expeditions (NASDAQ:LIND) Shares Up 5.7% – What’s Next?

Lindblad Expeditions (NASDAQ:LIND)’s stock price was up 5.7% during trading on Monday. The company traded as high as $29.96 and last traded at $30.0650. 318,697 shares traded hands during trading, a decline of 61% from the average daily volume of 827,303 shares. The stock had previously closed at $28.45.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LIND shares. Benchmark upped their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Jefferies Financial Group started coverage on Lindblad Expeditions in a report on Wednesday, September 9th. They issued a “hold” rating and a $29.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Sunday, September 20th. Finally, Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions presently has an average rating of “Hold” and a consensus target price of $31.00.

Lindblad Expeditions Price Performance

The stock has a market cap of $2.05 billion, a PE ratio of -82.29 and a beta of 2.22. The stock has a 50-day moving average price of $29.45 and a two-hundred day moving average price of $24.31.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. The company had revenue of $199.25 million during the quarter, compared to analyst estimates of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. Equities research analysts expect that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Lindblad Expeditions during the second quarter worth $122,583,000. Principal Financial Group Inc. boosted its position in shares of Lindblad Expeditions by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after buying an additional 46,955 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after buying an additional 393,359 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Lindblad Expeditions by 59.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after acquiring an additional 291,776 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Lindblad Expeditions in the 2nd quarter valued at $19,362,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.