Lindblad Expeditions (NASDAQ:LIND) Sets New 1-Year Low at $9.78

Lindblad Expeditions Holdings, Inc. (NASDAQ:LINDGet Rating) hit a new 52-week low on Tuesday . The company traded as low as $9.78 and last traded at $9.97, with a volume of 4149 shares traded. The stock had previously closed at $10.35.

LIND has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Lindblad Expeditions from $24.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Oppenheimer began coverage on shares of Lindblad Expeditions in a research note on Thursday, April 21st. They set an “outperform” rating and a $20.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lindblad Expeditions from $16.00 to $14.00 in a research note on Tuesday, May 17th. Finally, StockNews.com upgraded shares of Lindblad Expeditions to a “sell” rating in a research note on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.50.

The business’s 50-day moving average price is $13.94 and its 200-day moving average price is $15.33.

Lindblad Expeditions (NASDAQ:LINDGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.24). During the same quarter in the previous year, the company earned ($0.66) EPS. As a group, equities analysts anticipate that Lindblad Expeditions Holdings, Inc. will post -1.82 earnings per share for the current year.

In related news, Director L. Dyson Dryden sold 2,046 shares of the company’s stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $16.26, for a total value of $33,267.96. Following the completion of the transaction, the director now owns 1,006,939 shares of the company’s stock, valued at approximately $16,372,828.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alex P. Schultz bought 36,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The stock was purchased at an average cost of $11.84 per share, with a total value of $428,608.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 57,401 shares of company stock valued at $933,470. Insiders own 37.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Select Equity Group L.P. boosted its holdings in Lindblad Expeditions by 3.1% in the 1st quarter. Select Equity Group L.P. now owns 2,503,015 shares of the company’s stock worth $37,745,000 after buying an additional 75,870 shares during the period. BlackRock Inc. boosted its holdings in shares of Lindblad Expeditions by 2.4% during the 4th quarter. BlackRock Inc. now owns 2,130,422 shares of the company’s stock valued at $33,235,000 after purchasing an additional 49,418 shares during the last quarter. Ariel Investments LLC boosted its holdings in shares of Lindblad Expeditions by 83.7% during the 1st quarter. Ariel Investments LLC now owns 2,046,988 shares of the company’s stock valued at $30,869,000 after purchasing an additional 932,572 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Lindblad Expeditions by 0.4% during the 1st quarter. Royce & Associates LP now owns 1,025,668 shares of the company’s stock valued at $15,467,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Lindblad Expeditions by 9.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,018,707 shares of the company’s stock valued at $15,362,000 after purchasing an additional 90,477 shares during the last quarter. 89.62% of the stock is owned by institutional investors.

Lindblad Expeditions Company Profile (NASDAQ:LIND)

Lindblad Expeditions Holdings, Inc provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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