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

Lindblad Expeditions (NASDAQ:LIND)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $31.00 and last traded at $29.2940, with a volume of 1085 shares. The stock had previously closed at $29.74.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Lindblad Expeditions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Texas Capital lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.20.

Lindblad Expeditions Stock Performance

The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -55.23 and a beta of 2.22. The company has a 50-day simple moving average of $25.37 and a two-hundred day simple moving average of $20.89.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million during the quarter, compared to the consensus estimate of $197.24 million. As a group, sell-side analysts predict that Lindblad Expeditions will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.26, for a total value of $40,520.00. Following the completion of the transaction, the director owned 112,486 shares of the company’s stock, valued at $2,278,966.36. This trade represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Trey Byus sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.05, for a total transaction of $200,500.00. Following the transaction, the insider owned 101,530 shares in the company, valued at $2,035,676.50. This represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 88,602 shares of company stock worth $1,966,009 over the last quarter. 26.10% of the stock is currently owned by insiders.

Institutional Trading of Lindblad Expeditions

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its holdings in shares of Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after acquiring an additional 1,322 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Lindblad Expeditions during the fourth quarter worth $57,000. Royal Bank of Canada boosted its position in Lindblad Expeditions by 127.1% during the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after purchasing an additional 2,515 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Lindblad Expeditions by 77.0% in the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after purchasing an additional 2,373 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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.