Stifel Nicolaus Analysts Give Lindblad Expeditions (NASDAQ:LIND) a $18.00 Price Target

Stifel Nicolaus set a $18.00 price target on Lindblad Expeditions (NASDAQ:LIND) in a report released on Tuesday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the company. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Craig Hallum set a $16.00 price objective on Lindblad Expeditions and gave the stock a “buy” rating in a research report on Friday, May 23rd.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND opened at $12.33 on Tuesday. The company has a 50 day simple moving average of $11.89 and a 200-day simple moving average of $10.90. The company has a market capitalization of $675.56 million, a P/E ratio of -41.10 and a beta of 2.71. Lindblad Expeditions has a 1 year low of $6.86 and a 1 year high of $14.34.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.11. The business had revenue of $167.95 million for the quarter, compared to analyst estimates of $158.97 million. As a group, research analysts expect that Lindblad Expeditions will post -0.43 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Benjamin Bressler sold 167,494 shares of Lindblad Expeditions stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $13.05, for a total value of $2,185,796.70. Following the completion of the sale, the chief executive officer owned 23,466 shares in the company, valued at approximately $306,231.30. This trade represents a 87.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 222,386 shares of company stock valued at $2,900,718. 34.00% of the stock is currently owned by company insiders.

Institutional Trading of Lindblad Expeditions

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in Lindblad Expeditions by 3,188.1% in the 1st quarter. GAMMA Investing LLC now owns 2,762 shares of the company’s stock valued at $26,000 after purchasing an additional 2,678 shares during the last quarter. Quantbot Technologies LP boosted its position in Lindblad Expeditions by 28.3% in the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company’s stock valued at $56,000 after buying an additional 1,345 shares during the period. AlphaQuest LLC boosted its position in Lindblad Expeditions by 167.4% in the 2nd quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock valued at $101,000 after buying an additional 5,427 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Lindblad Expeditions in the 4th quarter valued at approximately $110,000. Finally, ProShare Advisors LLC purchased a new position in Lindblad Expeditions in the 4th quarter valued at approximately $120,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.