Lindblad Expeditions (NASDAQ:LIND) Shares Up 9.7% – What’s Next?

Lindblad Expeditions (NASDAQ:LIND) shares rose 9.7% on Thursday . The stock traded as high as $26.26 and last traded at $26.2950. Approximately 398,816 shares traded hands during trading, a decline of 48% from the average daily volume of 768,351 shares. The stock had previously closed at $23.96.

Analyst Ratings Changes

A number of analysts have recently issued reports on LIND shares. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective on the stock. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Finally, Benchmark increased their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.33.

Lindblad Expeditions Price Performance

The firm has a market capitalization of $1.69 billion, a P/E ratio of -47.69 and a beta of 2.26. The firm’s 50 day moving average is $20.77 and its two-hundred day moving average is $18.12.

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

Insider Transactions at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 3,500 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.04, for a total value of $70,140.00. Following the sale, the director directly owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Elliott Bisnow sold 44,642 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the sale, the director owned 25,872 shares of the company’s stock, valued at $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,602 shares of company stock worth $1,966,009 in the last ninety days. Insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Lindblad Expeditions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after acquiring an additional 29,642 shares during the period. Anchor Capital Management Company LLC boosted its position in Lindblad Expeditions by 7.4% during the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after purchasing an additional 131,203 shares during the period. Principal Financial Group Inc. boosted its position in Lindblad Expeditions by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock worth $26,467,000 after purchasing an additional 46,955 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after purchasing an additional 393,359 shares during the last quarter. Finally, Penn Capital Management Company LLC raised its position in shares of Lindblad Expeditions by 1.7% in the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock valued at $12,423,000 after purchasing an additional 16,418 shares during the period. 75.94% of the stock is currently owned by institutional investors.

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.