Lindblad Expeditions (NASDAQ:LIND) Given New $32.00 Price Target at Stifel Nicolaus

Lindblad Expeditions (NASDAQ:LIND) had its target price lifted by Stifel Nicolaus from $27.00 to $32.00 in a research report sent to investors on Friday, Marketbeat.com reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Oppenheimer started coverage on shares of Lindblad Expeditions in a research note on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target on the stock. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a report on Monday, June 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Texas Capital lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.50.

Lindblad Expeditions Stock Performance

Shares of LIND traded up $0.38 during midday trading on Friday, hitting $26.52. 869,308 shares of the stock traded hands, compared to its average volume of 1,003,994. The business’s 50 day moving average price is $23.09 and its two-hundred day moving average price is $19.55. The firm has a market capitalization of $1.74 billion, a PE ratio of -49.11 and a beta of 2.22. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $30.00.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. As a group, equities research analysts forecast that Lindblad Expeditions will post 0.18 EPS for the current fiscal year.

Insider Activity at Lindblad Expeditions

In other news, insider Trey Byus sold 26,460 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $20.23, for a total value of $535,285.80. Following the sale, the insider owned 111,530 shares of the company’s stock, valued at approximately $2,256,251.90. The trade was a 19.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the sale, the director owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. This trade represents a 63.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 88,602 shares of company stock worth $1,966,009 over the last quarter. 26.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pier Capital LLC bought a new position in shares of Lindblad Expeditions during the 3rd quarter valued at about $6,076,000. Millennium Management LLC lifted its stake in Lindblad Expeditions by 115.1% during the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after purchasing an additional 446,294 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Lindblad Expeditions by 44.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after buying an additional 393,359 shares in the last quarter. UBS Group AG boosted its holdings in Lindblad Expeditions by 57.9% during the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after buying an additional 305,704 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Lindblad Expeditions by 59.0% in the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after buying an additional 291,776 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

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.