Lindblad Expeditions (NASDAQ:LIND) Stock Price Up 5.4% – What’s Next?

Shares of Lindblad Expeditions (NASDAQ:LIND) were up 5.4% during mid-day trading on Thursday . The company traded as high as $13.28 and last traded at $13.4290. Approximately 36,605 shares traded hands during trading, a decline of 89% from the average daily volume of 341,421 shares. The stock had previously closed at $12.74.

Analyst Upgrades and Downgrades

LIND has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Wednesday, October 8th. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Lindblad Expeditions Price Performance

The company has a market capitalization of $751.50 million, a P/E ratio of -20.63 and a beta of 2.36. The business’s 50-day moving average price is $12.12 and its two-hundred day moving average price is $12.40.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The business had revenue of $240.17 million for the quarter, compared to the consensus estimate of $229.68 million. Research analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently modified their holdings of the company. Driehaus Capital Management LLC bought a new stake in shares of Lindblad Expeditions in the first quarter valued at about $5,900,000. Penn Capital Management Company LLC raised its position in Lindblad Expeditions by 110.0% in the 1st quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company’s stock valued at $8,766,000 after buying an additional 494,709 shares during the last quarter. Pier Capital LLC acquired a new stake in Lindblad Expeditions in the 3rd quarter valued at approximately $6,076,000. Millennium Management LLC lifted its stake in Lindblad Expeditions by 115.1% in the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after acquiring an additional 446,294 shares in the last quarter. Finally, Ariel Investments LLC boosted its position in Lindblad Expeditions by 6.0% during the 1st quarter. Ariel Investments LLC now owns 7,777,768 shares of the company’s stock worth $72,100,000 after acquiring an additional 441,046 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

About Lindblad Expeditions

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.