Lindblad Expeditions (NASDAQ:LIND) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Lindblad Expeditions (NASDAQ:LIND) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Several other research firms have also issued reports on LIND. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Benchmark reaffirmed a “buy” rating on shares of Lindblad Expeditions in a research report on Thursday, January 15th. Stifel Nicolaus increased their price objective on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Citigroup began coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating for the company. Finally, Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Four 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 company’s stock. According to data from MarketBeat.com, Lindblad Expeditions currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Lindblad Expeditions Stock Up 9.8%

NASDAQ LIND opened at $20.07 on Wednesday. The firm’s 50 day moving average is $15.05 and its 200-day moving average is $13.56. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $20.19. The company has a market capitalization of $1.11 billion, a PE ratio of -30.41 and a beta of 2.27.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 EPS 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 analyst estimates of $229.68 million. As a group, sell-side analysts expect that Lindblad Expeditions will post -0.43 EPS for the current year.

Insider Transactions at Lindblad Expeditions

In related news, Director Sven-Olof Lindblad sold 233,505 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the completion of the sale, the director owned 10,939,274 shares of the company’s stock, valued at $188,921,261.98. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Benjamin Bressler sold 222,386 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $16.08, for a total transaction of $3,575,966.88. Following the completion of the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at $377,333.28. The trade was a 90.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,782,351 shares of company stock valued at $29,808,188. 34.00% of the stock is owned by insiders.

Institutional Trading of Lindblad Expeditions

A number of hedge funds have recently added to or reduced their stakes in the stock. Pier Capital LLC acquired a new stake in shares of Lindblad Expeditions during the 3rd quarter valued at $6,076,000. Millennium Management LLC boosted its position in Lindblad Expeditions by 115.1% during the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after buying an additional 446,294 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lindblad Expeditions by 108.4% during 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 period. UBS Group AG increased its holdings in Lindblad Expeditions by 57.9% in the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock valued at $12,017,000 after purchasing an additional 305,704 shares during the period. Finally, Algert Global LLC raised its position in Lindblad Expeditions by 82.2% during the 3rd quarter. Algert Global LLC now owns 548,856 shares of the company’s stock worth $7,025,000 after purchasing an additional 247,684 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

More Lindblad Expeditions News

Here are the key news stories impacting Lindblad Expeditions this week:

• Positive Sentiment: Marketing/booking tailwinds — Nat Geo–Lindblad rolled out a warm‑weather UK expedition brochure, a targeted push that may support near‑term bookings and seasonal demand in an important market. Article Title
• Positive Sentiment: Institutional accumulation and capital‑returns narrative — several hedge funds and institutions have increased stakes recently and analysts highlight improving returns on capital, supporting a longer‑term constructive case for the stock. Article Title
• Neutral Sentiment: Mixed analyst coverage — consensus remains a “Moderate Buy” with ~ $19 average target, but ratings vary (Buy/Hold/Sell), making analyst chatter a neutral but volatility‑adding factor. Article Title
• Negative Sentiment: Analyst downgrade — Zacks cut LIND from “strong‑buy” to “hold,” removing a bullish endorsement that can damp demand among retail and momentum traders. Article Title
• Negative Sentiment: CEO share sales — CEO Benjamin Bressler sold large blocks (181,389 shares on Feb 4 and 41,000 on Feb 5 at roughly $18/share), cutting his stake sharply; such headline sales often pressure sentiment even if for personal/liquidity reasons. Article Title
• Negative Sentiment: Repeated director selling — Director Sven‑Olof Lindblad has executed multiple sizable sales across late January–early February (including 233,505; 127,310; and 28,002 share tranches), the strongest near‑term negative signal in recent filings. Article Title

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.