Lindblad Expeditions (NASDAQ:LIND) Raised to “Buy” at Wall Street Zen

Lindblad Expeditions (NASDAQ:LIND) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Friday.

Separately, Craig Hallum set a $16.00 price target on Lindblad Expeditions and gave the company a “buy” rating in a research note on Friday, May 23rd.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock opened at $10.98 on Friday. The business’s 50-day simple moving average is $9.44 and its 200-day simple moving average is $10.96. The firm has a market capitalization of $600.69 million, a PE ratio of -14.64 and a beta of 2.65. Lindblad Expeditions has a 52 week low of $6.76 and a 52 week high of $14.34.

Insider Activity at Lindblad Expeditions

In other news, Director Alex P. Schultz purchased 36,375 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the completion of the purchase, the director now directly owns 283,323 shares of the company’s stock, valued at approximately $2,258,084.31. The trade was a 14.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 34.30% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Driehaus Capital Management LLC acquired a new stake in Lindblad Expeditions during the first quarter valued at approximately $5,900,000. Penn Capital Management Company LLC boosted its holdings in Lindblad Expeditions by 110.0% during the first quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company’s stock valued at $8,766,000 after purchasing an additional 494,709 shares in the last quarter. Ariel Investments LLC boosted its holdings in Lindblad Expeditions by 6.0% during the first quarter. Ariel Investments LLC now owns 7,777,768 shares of the company’s stock valued at $72,100,000 after purchasing an additional 441,046 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Lindblad Expeditions during the fourth quarter valued at approximately $4,610,000. Finally, New York State Common Retirement Fund boosted its holdings in Lindblad Expeditions by 106.9% during the first quarter. New York State Common Retirement Fund now owns 684,851 shares of the company’s stock valued at $6,349,000 after purchasing an additional 353,817 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Company Profile

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.