Lindblad Expeditions (NASDAQ:LIND) Rating Lowered to Hold at Wall Street Zen

Lindblad Expeditions (NASDAQ:LIND) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group raised their price target on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, October 8th. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $30.00 price objective on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Finally, Stifel Nicolaus set a $43.00 price objective on shares of Lindblad Expeditions in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lindblad Expeditions presently has a consensus rating of “Hold” and a consensus price target of $32.50.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND opened at $33.98 on Friday. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $38.85. The business has a 50 day moving average price of $31.53 and a two-hundred day moving average price of $24.85. The firm has a market cap of $2.23 billion, a PE ratio of -1,699.00 and a beta of 2.27.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Lindblad Expeditions had a negative return on equity of 2.74% and a net margin of 0.67%. The company had revenue of $269.15 million for the quarter, compared to the consensus estimate of $263.54 million. On average, analysts anticipate that Lindblad Expeditions will post 0.17 earnings per share for the current year.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 66,872 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $36.95, for a total transaction of $2,470,920.40. Following the transaction, the director owned 9,937,202 shares of the company’s stock, valued at $367,179,613.90. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 750,000 shares of company stock worth $26,532,349 in the last 90 days. Corporate insiders own 26.10% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Lindblad Expeditions by 35.3% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock worth $39,000 after acquiring an additional 326 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in Lindblad Expeditions by 11.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 5,202 shares of the company’s stock valued at $163,000 after acquiring an additional 541 shares during the period. State of Alaska Department of Revenue boosted its stake in Lindblad Expeditions by 20.5% in the third quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock valued at $103,000 after acquiring an additional 562 shares during the period. Allworth Financial LP boosted its stake in Lindblad Expeditions by 168.8% in the second quarter. Allworth Financial LP now owns 1,363 shares of the company’s stock valued at $38,000 after acquiring an additional 856 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in Lindblad Expeditions in the second quarter valued at approximately $25,000. 75.94% of the stock is currently owned by institutional investors.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.