Lindblad Expeditions (NASDAQ:LIND) Receives $22.25 Average PT from Brokerages

Shares of Lindblad Expeditions (NASDAQ:LIND) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $22.25.

Several brokerages recently issued reports on LIND. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Stifel Nicolaus upped their target price on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Benchmark upped 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. Finally, Citigroup began coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a “buy” rating for the company.

Lindblad Expeditions Stock Performance

LIND stock opened at $19.13 on Thursday. The business has a 50-day simple moving average of $18.58 and a two-hundred day simple moving average of $15.21. The company has a market capitalization of $1.25 billion, a P/E ratio of -30.37 and a beta of 2.25. Lindblad Expeditions has a 52-week low of $7.76 and a 52-week high of $21.23.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.13). The firm had revenue of $183.18 million for the quarter, compared to analysts’ expectations of $167.66 million. As a group, sell-side analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In related news, CEO Benjamin Bressler sold 222,386 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $16.08, for a total value of $3,575,966.88. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $377,333.28. The trade was a 90.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sven-Olof Lindblad sold 233,505 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the completion of the transaction, the director owned 10,939,274 shares of the company’s stock, valued at $188,921,261.98. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,730,929 shares of company stock valued at $29,197,850 over the last quarter. 34.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in Lindblad Expeditions by 495.8% in the third quarter. SG Americas Securities LLC now owns 81,089 shares of the company’s stock worth $1,038,000 after purchasing an additional 67,480 shares during the last quarter. Black Diamond Financial LLC lifted its stake in Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after purchasing an additional 127,950 shares during the last quarter. Pier Capital LLC bought a new stake in Lindblad Expeditions in the third quarter worth $6,076,000. Anchor Capital Management Company LLC lifted its stake in Lindblad Expeditions by 7.4% in the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after purchasing an additional 131,203 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Lindblad Expeditions by 108.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock worth $6,920,000 after purchasing an additional 308,463 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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.