Lindblad Expeditions (NASDAQ:LIND) Rating Increased to Buy at StockNews.com

Lindblad Expeditions (NASDAQ:LIND) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Other research analysts have also issued reports about the company. B. Riley upped their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Stifel Nicolaus reduced their target price on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Craig Hallum upped their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

Lindblad Expeditions Trading Up 0.5 %

Shares of LIND stock opened at $13.21 on Wednesday. Lindblad Expeditions has a twelve month low of $5.95 and a twelve month high of $13.40. The stock has a market capitalization of $717.57 million, a price-to-earnings ratio of -12.83 and a beta of 3.02. The stock has a fifty day simple moving average of $9.82 and a two-hundred day simple moving average of $8.85.

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

Insider Transactions at Lindblad Expeditions

In related news, 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, for a total transaction of $255,330.15. Following the completion of the purchase, the chief executive officer now directly owns 11,825,063 shares of the company’s stock, valued at $94,009,250.85. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Lindblad Expeditions news, CEO Sven-Olof Lindblad purchased 32,117 shares of the stock in a transaction on Wednesday, August 21st. The shares were bought at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the completion of the transaction, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at $94,009,250.85. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Noah Brodsky sold 14,344 shares of the 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 transaction, the insider now owns 58,518 shares in the company, valued at $614,439. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 34.30% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of Lindblad Expeditions by 49.6% in the third quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after purchasing an additional 1,722 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Lindblad Expeditions in the first quarter valued at approximately $95,000. Arizona State Retirement System acquired a new stake in shares of Lindblad Expeditions in the second quarter valued at approximately $101,000. SG Americas Securities LLC acquired a new stake in shares of Lindblad Expeditions in the third quarter valued at approximately $139,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Lindblad Expeditions in the first quarter valued at approximately $176,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

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.