Lindblad Expeditions (NASDAQ:LIND) PT Lowered to $12.00 at Craig Hallum

Lindblad Expeditions (NASDAQ:LIND) had its price objective cut by Craig Hallum from $15.00 to $12.00 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Lindblad Expeditions from a sell rating to a hold rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lindblad Expeditions from $11.00 to $10.00 and set a hold rating for the company in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $12.50.

Lindblad Expeditions Stock Performance

Shares of Lindblad Expeditions stock opened at $7.34 on Wednesday. The firm has a fifty day simple moving average of $8.28 and a 200-day simple moving average of $8.50. Lindblad Expeditions has a 1-year low of $5.47 and a 1-year high of $12.13.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.23). The firm had revenue of $125.36 million for the quarter, compared to analyst estimates of $127.70 million. Equities research analysts anticipate that Lindblad Expeditions will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, Director Alex P. Schultz purchased 33,016 shares of the stock in a transaction on Friday, April 19th. The shares were purchased at an average price of $7.47 per share, with a total value of $246,629.52. Following the acquisition, the director now directly owns 126,400 shares of the company’s stock, valued at approximately $944,208. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 34.80% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Several large investors have recently made changes to their positions in the company. Ariel Investments LLC grew its holdings in shares of Lindblad Expeditions by 13.3% in the 3rd quarter. Ariel Investments LLC now owns 8,472,058 shares of the company’s stock worth $60,999,000 after purchasing an additional 995,293 shares during the last quarter. Anchor Capital Management Company LLC grew its holdings in shares of Lindblad Expeditions by 127.1% in the 1st quarter. Anchor Capital Management Company LLC now owns 876,070 shares of the company’s stock worth $8,174,000 after purchasing an additional 490,370 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Lindblad Expeditions by 1.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 607,994 shares of the company’s stock worth $5,673,000 after purchasing an additional 5,979 shares during the last quarter. Fred Alger Management LLC bought a new stake in shares of Lindblad Expeditions in the 3rd quarter worth about $3,608,000. Finally, Stifel Financial Corp grew its holdings in shares of Lindblad Expeditions by 18.4% in the 3rd quarter. Stifel Financial Corp now owns 309,471 shares of the company’s stock worth $2,228,000 after purchasing an additional 48,155 shares during the last quarter. 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.