Lindblad Expeditions (NASDAQ:LIND) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Lindblad Expeditions (NASDAQ:LIND) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $24.3333.

Several brokerages recently commented on LIND. Benchmark raised their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Oppenheimer started coverage on Lindblad Expeditions in a research note on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st.

Lindblad Expeditions Trading Down 0.8%

Shares of Lindblad Expeditions stock opened at $25.55 on Tuesday. The company has a market capitalization of $1.68 billion, a PE ratio of -47.31 and a beta of 2.26. Lindblad Expeditions has a 12 month low of $10.55 and a 12 month high of $26.56. The stock’s fifty day simple moving average is $20.90 and its 200 day simple moving average is $18.26.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. Analysts predict that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, insider Trey Byus sold 10,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.05, for a total value of $200,500.00. Following the sale, the insider owned 101,530 shares of the company’s stock, valued at $2,035,676.50. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Elliott Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the sale, the director directly owned 25,872 shares in the company, valued at $626,361.12. This represents a 63.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 88,602 shares of company stock valued at $1,966,009 in the last 90 days. 26.10% of the stock is currently owned by company insiders.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its position in shares of 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 acquiring an additional 1,322 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions in the fourth quarter valued at about $57,000. Royal Bank of Canada increased its position in shares of Lindblad Expeditions by 127.1% in the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after acquiring an additional 2,515 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 3,311 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Lindblad Expeditions by 77.0% in the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after acquiring an additional 2,373 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.