Lindblad Expeditions (NASDAQ:LIND) Sets New 52-Week High – Here’s What Happened

Shares of Lindblad Expeditions (NASDAQ:LIND) reached a new 52-week high during trading on Monday. The stock traded as high as $36.70 and last traded at $36.4150, with a volume of 70,001 shares changing hands. The stock had previously closed at $35.82.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LIND. Texas Capital downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Benchmark raised their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a research note on Monday, June 29th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Finally, Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Lindblad Expeditions Stock Performance

The stock has a market capitalization of $2.39 billion, a P/E ratio of -95.71 and a beta of 2.24. The stock has a 50-day moving average price of $30.55 and a two-hundred day moving average price of $25.55.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The firm had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. Equities analysts anticipate that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Lindblad Expeditions in the second quarter worth $25,000. GAMMA Investing LLC increased its holdings in shares of Lindblad Expeditions by 35.3% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $39,000 after acquiring an additional 326 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Lindblad Expeditions in the 2nd quarter worth about $38,000. Silvant Capital Management LLC purchased a new position in shares of Lindblad Expeditions in the 2nd quarter worth about $58,000. Finally, State of Wyoming bought a new position in Lindblad Expeditions in the 2nd quarter worth about $109,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc is an expedition travel company that operates small-ship voyages and land-based adventures in environmentally and culturally significant destinations. Its trips emphasize exploration, education and conservation, and are designed to provide travelers with opportunities to observe wildlife, visit remote communities and learn from naturalists, historians and other expert guides.

The company operates under the Lindblad Expeditions and National Geographic Expeditions brands through a strategic relationship with National Geographic.