Lindblad Expeditions (NASDAQ:LIND) Earns Buy Rating from Analysts at Benchmark

Benchmark started coverage on shares of Lindblad Expeditions (NASDAQ:LIND) in a research note published on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $18.00 price target on the stock.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citigroup started coverage on shares of Lindblad Expeditions in a research report on Tuesday. They issued a “buy” rating for the company. Finally, Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and an average price target of $17.33.

Lindblad Expeditions Price Performance

Lindblad Expeditions stock opened at $14.42 on Tuesday. The firm has a fifty day moving average of $12.79 and a 200-day moving average of $12.78. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $15.06. The firm has a market capitalization of $798.87 million, a P/E ratio of -21.85 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The business had revenue of $240.17 million for the quarter, compared to analysts’ expectations of $229.68 million. On average, research analysts expect that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $15.02, for a total transaction of $242,167.46. Following the sale, the chief executive officer directly owned 23,466 shares in the company, valued at $352,459.32. The trade was a 40.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 34.00% of the stock is currently owned by company insiders.

Institutional Trading of Lindblad Expeditions

A number of hedge funds have recently made changes to their positions in LIND. State of Alaska Department of Revenue acquired a new stake in Lindblad Expeditions in the third quarter valued at $35,000. Osaic Holdings Inc. increased its position in shares of Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after purchasing an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after purchasing an additional 3,311 shares during the last quarter. CWM LLC raised its stake in shares of Lindblad Expeditions by 188.1% in the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after purchasing an additional 3,166 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Lindblad Expeditions by 579.1% in the 3rd quarter. Federated Hermes Inc. now owns 8,129 shares of the company’s stock valued at $104,000 after purchasing an additional 6,932 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

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.