Lindblad Expeditions (NASDAQ:LIND) Raised to “Buy” at StockNews.com

Lindblad Expeditions (NASDAQ:LIND) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other research analysts have also weighed in on the company. Craig Hallum lifted their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus reduced their price target on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, B. Riley increased their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Trading Up 0.5 %

NASDAQ LIND opened at $13.21 on Wednesday. The company has a fifty day simple moving average of $9.82 and a 200 day simple moving average of $8.85. Lindblad Expeditions has a 12-month low of $5.95 and a 12-month high of $13.40. The company has a market cap of $717.57 million, a P/E ratio of -12.83 and a beta of 3.02.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The business had revenue of $136.50 million during the quarter, compared to analyst estimates of $137.39 million. Sell-side analysts predict that Lindblad Expeditions will post -0.65 EPS for the current year.

Insider Activity

In other news, CEO Sven-Olof Lindblad bought 32,117 shares of the stock in a transaction on Wednesday, August 21st. The shares were bought at an average price of $7.95 per share, with a total value of $255,330.15. Following the completion of the acquisition, the chief executive officer now owns 11,825,063 shares in the company, valued at $94,009,250.85. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Lindblad Expeditions news, CEO Sven-Olof Lindblad bought 32,117 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of $7.95 per share, with a total value of $255,330.15. Following the purchase, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at $94,009,250.85. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the sale, the insider now directly owns 58,518 shares in the company, valued at $614,439. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 34.30% of the company’s stock.

Institutional Trading of Lindblad Expeditions

A number of large investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Lindblad Expeditions by 49.6% in the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock worth $48,000 after acquiring an additional 1,722 shares during the last quarter. Victory Capital Management Inc. increased its stake in Lindblad Expeditions by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 96,400 shares of the company’s stock worth $930,000 after acquiring an additional 3,100 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Lindblad Expeditions by 5.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,944 shares of the company’s stock valued at $1,119,000 after purchasing an additional 5,569 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of Lindblad Expeditions by 1.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock valued at $5,569,000 after purchasing an additional 6,267 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Lindblad Expeditions during the 1st quarter valued at approximately $95,000. Institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.