Lindblad Expeditions (NASDAQ:LIND) Hits New 12-Month High – What’s Next?

Lindblad Expeditions (NASDAQ:LIND) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $21.32 and last traded at $21.4080, with a volume of 107513 shares. The stock had previously closed at $19.57.

Wall Street Analysts Forecast Growth

LIND has been the subject of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Citigroup initiated coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating for the company. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 target price for the company. Stifel Nicolaus lifted 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. Finally, Benchmark boosted their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Five 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. Based on data from MarketBeat.com, Lindblad Expeditions has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

Lindblad Expeditions Price Performance

The business’s 50-day moving average price is $18.76 and its two-hundred day moving average price is $15.46. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -33.27 and a beta of 2.25.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $167.66 million. As a group, sell-side analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insider Activity at Lindblad Expeditions

In related news, CEO Benjamin Bressler sold 41,000 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $18.08, for a total value of $741,280.00. Following the completion of the sale, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $424,265.28. The trade was a 63.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Fahey, Jr. sold 7,768 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $17.66, for a total transaction of $137,182.88. Following the completion of the sale, the director owned 122,986 shares of the company’s stock, valued at approximately $2,171,932.76. The trade was a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,406,973 shares of company stock valued at $23,887,579 in the last ninety days. 34.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in Lindblad Expeditions in the third quarter valued at approximately $35,000. Osaic Holdings Inc. grew 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 valued at $41,000 after purchasing an additional 1,322 shares during the period. Tower Research Capital LLC TRC grew its holdings in 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 period. Kemnay Advisory Services Inc. purchased a new stake in Lindblad Expeditions in the fourth quarter valued at approximately $57,000. Finally, CWM LLC grew its holdings in Lindblad Expeditions by 188.1% in the third quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after purchasing an additional 3,166 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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.