Lindblad Expeditions (NASDAQ:LIND) Hits New 1-Year High – Should You Buy?

Lindblad Expeditions (NASDAQ:LIND) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $15.12 and last traded at $14.98, with a volume of 1299654 shares. The stock had previously closed at $14.46.

Wall Street Analysts Forecast Growth

LIND has been the subject of several research analyst reports. Citigroup started coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Wednesday, October 8th. Benchmark initiated coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating and a $18.00 price target on the stock. Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.33.

Lindblad Expeditions Stock Up 2.1%

The firm has a market cap of $833.22 million, a P/E ratio of -22.79 and a beta of 2.28. The business has a fifty day simple moving average of $13.10 and a 200-day simple moving average of $12.94.

Lindblad Expeditions (NASDAQ:LIND) last released its 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 during the quarter, compared to analysts’ expectations of $229.68 million. On average, sell-side analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Insider Activity

In other news, CEO Benjamin Bressler sold 29,628 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $15.04, for a total value of $445,605.12. Following the sale, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at $352,928.64. The trade was a 55.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 34.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Summit Global Investments boosted its holdings in Lindblad Expeditions by 3.5% in the second quarter. Summit Global Investments now owns 25,328 shares of the company’s stock worth $296,000 after acquiring an additional 848 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after purchasing an additional 1,037 shares in the last quarter. Simon Quick Advisors LLC grew its position in Lindblad Expeditions by 7.1% during the 3rd quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock valued at $206,000 after purchasing an additional 1,065 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Lindblad Expeditions by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock valued at $168,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

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.