Lindblad Expeditions (NASDAQ:LIND) Upgraded to Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Lindblad Expeditions (NASDAQ:LIND – Free Report) from a hold rating to a buy rating in a research note published on Saturday.

LIND has been the subject of a number of other research reports. Stifel Nicolaus upped their target price on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Oppenheimer started coverage on shares of Lindblad Expeditions in a report on Monday, March 16th. They set an “outperform” rating and a $25.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Benchmark upped their target price on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Five 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.25.

View Our Latest Stock Analysis on LIND

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $21.10 on Friday. Lindblad Expeditions has a fifty-two week low of $9.85 and a fifty-two week high of $22.34. The stock has a market capitalization of $1.38 billion, a PE ratio of -39.07 and a beta of 2.21. The company has a fifty day moving average of $18.47 and a two-hundred day moving average of $16.07.

Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analysts’ expectations of $197.24 million. Research analysts forecast that Lindblad Expeditions will post 0.09 earnings per share for the current 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 shares were sold at an average price of $17.57, for a total value of $983,920.00. Following the completion of the sale, the director owned 45,488 shares of the company’s stock, valued at approximately $799,224.16. This represents a 55.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John M. Fahey, Jr. sold 7,768 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $17.66, for a total transaction of $137,182.88. Following the completion of the sale, the director directly owned 122,986 shares of the company’s stock, valued at $2,171,932.76. This represents a 5.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 34.00% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in shares of Lindblad Expeditions by 495.8% in the third quarter. SG Americas Securities LLC now owns 81,089 shares of the company’s stock valued at $1,038,000 after purchasing an additional 67,480 shares during the period. Black Diamond Financial LLC grew its holdings in shares of Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock valued at $13,675,000 after purchasing an additional 127,950 shares during the period. Pier Capital LLC purchased a new stake in shares of Lindblad Expeditions in the third quarter valued at about $6,076,000. Anchor Capital Management Company LLC grew its holdings in shares of Lindblad Expeditions by 7.4% in the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after purchasing an additional 131,203 shares during the period. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Lindblad Expeditions by 4.5% in the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after purchasing an additional 41,750 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

(Get Free Report)

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.

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