Lindblad Expeditions (NASDAQ:LIND) Now Covered by Analysts at Oppenheimer

Oppenheimer began coverage on shares of Lindblad Expeditions (NASDAQ:LIND) in a research note published on Monday, Marketbeat.com reports. The firm issued an outperform rating and a $25.00 price objective on the stock.

A number of other equities analysts also recently commented on LIND. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, January 22nd. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Benchmark boosted their target price on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus increased their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, Citigroup initiated coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions has an average rating of “Moderate Buy” and an average price target of $22.25.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND opened at $16.93 on Monday. Lindblad Expeditions has a one year low of $7.45 and a one year high of $21.23. The business’s 50-day moving average price is $17.94 and its two-hundred day moving average price is $14.67. The company has a market capitalization of $1.10 billion, a P/E ratio of -26.87 and a beta of 2.20.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.13). The firm had revenue of $183.18 million during the quarter, compared to the consensus estimate of $167.66 million. On average, equities analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current year.

Insider Buying and Selling

In other news, Director John M. Fahey, Jr. sold 7,768 shares of Lindblad Expeditions stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $17.66, for a total value of $137,182.88. Following the transaction, the director owned 122,986 shares of the company’s stock, valued at $2,171,932.76. This trade represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Benjamin Bressler sold 41,000 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $18.08, for a total transaction of $741,280.00. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $424,265.28. This represents a 63.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,846,119 shares of company stock valued at $30,929,291 in the last quarter. Company insiders own 34.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in Lindblad Expeditions in the 3rd quarter worth $35,000. Osaic Holdings Inc. boosted its holdings in Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions in the fourth quarter valued at about $57,000. Finally, CWM LLC increased its stake in shares of Lindblad Expeditions by 188.1% in the third quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after purchasing an additional 3,166 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.