Lindblad Expeditions (NASDAQ:LIND) Hits New 52-Week High – Time to Buy?

Lindblad Expeditions (NASDAQ:LIND)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $16.99 and last traded at $16.96, with a volume of 1107649 shares traded. The stock had previously closed at $16.89.

Analysts Set New Price Targets

Several brokerages recently commented on LIND. Stifel Nicolaus boosted their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday. Citigroup initiated coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating on the stock. Benchmark restated a “buy” rating on shares of Lindblad Expeditions in a report on Thursday. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Lindblad Expeditions Trading Down 0.7%

The stock has a fifty day moving average of $13.47 and a 200-day moving average of $13.09. The firm has a market capitalization of $924.07 million, a price-to-earnings ratio of -25.27 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 for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $240.17 million during the quarter, compared to analyst estimates of $229.68 million. As a group, equities research analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Benjamin Bressler sold 222,386 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $16.08, for a total value of $3,575,966.88. Following the completion of the sale, the chief executive officer owned 23,466 shares in the company, valued at $377,333.28. This represents a 90.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 337,576 shares of company stock worth $5,307,408 in the last quarter. 34.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Several institutional investors and hedge funds have recently bought and sold shares of LIND. Wedge Capital Management L L P NC lifted its position in shares of Lindblad Expeditions by 0.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock worth $1,735,000 after purchasing an additional 958 shares in the last quarter. SG Americas Securities LLC increased its stake in Lindblad Expeditions by 112.4% in the 4th quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock valued at $2,484,000 after buying an additional 91,176 shares during the period. JPMorgan Chase & Co. lifted its position in Lindblad Expeditions by 18.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 369,337 shares of the company’s stock worth $4,728,000 after buying an additional 57,974 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Lindblad Expeditions by 15.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 302,576 shares of the company’s stock valued at $3,873,000 after buying an additional 40,628 shares during the period. Finally, Penn Capital Management Company LLC grew its holdings in shares of Lindblad Expeditions by 1.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock valued at $12,423,000 after acquiring an additional 16,418 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.