Lindblad Expeditions (NASDAQ:LIND) Receives $30.50 Consensus PT from Brokerages

Lindblad Expeditions (NASDAQ:LIND) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $30.50.

LIND has been the subject of a number of recent research reports. Benchmark increased their price objective on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Stifel Nicolaus lifted their target price on shares of Lindblad Expeditions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th.

Insider Transactions at Lindblad Expeditions

In related news, Director Michael Elliott Bisnow sold 44,642 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the transaction, the director owned 25,872 shares in the company, valued at $626,361.12. This trade represents a 63.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Trey Byus sold 26,460 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $20.23, for a total value of $535,285.80. Following the completion of the sale, the insider directly owned 111,530 shares in the company, valued at approximately $2,256,251.90. This represents a 19.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 88,602 shares of company stock valued at $1,966,009. Corporate insiders own 26.10% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the company. Pier Capital LLC increased its holdings in shares of Lindblad Expeditions by 21.6% during the fourth quarter. Pier Capital LLC now owns 577,479 shares of the company’s stock worth $8,327,000 after buying an additional 102,770 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Lindblad Expeditions by 112.4% in the fourth quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock valued at $2,484,000 after acquiring an additional 91,176 shares during the last quarter. UBS Group AG boosted its holdings in shares of Lindblad Expeditions by 57.9% in the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after acquiring an additional 305,704 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of Lindblad Expeditions in the 1st quarter worth approximately $1,505,000. Finally, Harbor Capital Advisors Inc. grew its position in Lindblad Expeditions by 122.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 78,241 shares of the company’s stock worth $1,128,000 after acquiring an additional 43,093 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Trading Down 0.3%

LIND opened at $27.60 on Friday. The stock’s 50 day simple moving average is $23.87 and its 200-day simple moving average is $20.11. The stock has a market cap of $1.81 billion, a PE ratio of -51.11 and a beta of 2.22. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $30.00.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million during the quarter, compared to the consensus estimate of $197.24 million. Equities analysts forecast that Lindblad Expeditions will post 0.18 earnings per share for the current fiscal year.

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.