Lindblad Expeditions (NASDAQ:LIND) Shares Up 9.9% – Time to Buy?

Lindblad Expeditions (NASDAQ:LIND)’s stock price shot up 9.9% on Monday . The stock traded as high as $16.35 and last traded at $16.5250. 713,416 shares were traded during trading, an increase of 15% from the average session volume of 618,496 shares. The stock had previously closed at $15.04.

Analyst Ratings Changes

LIND has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Benchmark initiated coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Citigroup assumed coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Lindblad Expeditions Stock Up 12.3%

The business has a fifty day moving average price of $13.10 and a 200-day moving average price of $12.96. The company has a market cap of $935.71 million, a P/E ratio of -25.59 and a beta of 2.28.

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

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 29,628 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $15.04, for a total value of $445,605.12. Following the completion of the sale, the chief executive officer owned 23,466 shares of the company’s stock, valued at $352,928.64. The trade was a 55.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 34.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings 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 in the last quarter. Anchor Capital Management Company LLC grew its holdings in shares of Lindblad Expeditions by 7.4% during the 3rd 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 in the last quarter. Black Diamond Financial LLC increased its position in shares of Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after purchasing an additional 127,950 shares during the period. Penn Capital Management Company LLC grew its stake in Lindblad Expeditions by 1.7% during the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after buying an additional 16,418 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in Lindblad Expeditions by 4.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after buying an additional 41,750 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

About Lindblad Expeditions

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.