Craig Hallum Issues Positive Forecast for Lindblad Expeditions (NASDAQ:LIND) Stock Price

Lindblad Expeditions (NASDAQ:LIND) had its target price boosted by Craig Hallum from $12.00 to $16.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus decreased their target price on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. B. Riley raised their price target on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

Lindblad Expeditions Stock Down 1.2 %

LIND traded down $0.16 on Wednesday, hitting $12.98. The company’s stock had a trading volume of 50,645 shares, compared to its average volume of 289,554. The company’s 50 day simple moving average is $9.76 and its 200-day simple moving average is $8.82. Lindblad Expeditions has a 12 month low of $5.95 and a 12 month high of $13.32. The firm has a market cap of $705.07 million, a P/E ratio of -12.76 and a beta of 3.02.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The business had revenue of $136.50 million for the quarter, compared to analysts’ expectations of $137.39 million. Equities analysts predict that Lindblad Expeditions will post -0.65 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the transaction, the insider now owns 58,518 shares in the company, valued at $614,439. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total value of $150,612.00. Following the completion of the transaction, the insider now directly owns 58,518 shares in the company, valued at $614,439. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sven-Olof Lindblad bought 32,117 shares of the stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average price of $7.95 per share, with a total value of $255,330.15. Following the completion of the transaction, the chief executive officer now directly owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 34.30% of the stock is owned by corporate insiders.

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. increased its stake in Lindblad Expeditions by 49.6% in the third quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock worth $48,000 after purchasing an additional 1,722 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Lindblad Expeditions by 1.6% during the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after purchasing an additional 26,647 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Lindblad Expeditions by 1.1% during the third quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock worth $5,569,000 after purchasing an additional 6,267 shares during the last quarter. Semanteon Capital Management LP purchased a new position in Lindblad Expeditions in the third quarter valued at $222,000. Finally, SG Americas Securities LLC purchased a new position in Lindblad Expeditions in the third quarter valued at $139,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.