Lindblad Expeditions (NASDAQ:LIND) Hits New 1-Year High – Should You Buy?

Lindblad Expeditions (NASDAQ:LIND)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.12 and last traded at $14.98, with a volume of 1299654 shares trading hands. The stock had previously closed at $14.46.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Benchmark assumed coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating and a $18.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Citigroup began coverage on Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.33.

Lindblad Expeditions Price Performance

The firm has a market capitalization of $829.89 million, a price-to-earnings ratio of -22.70 and a beta of 2.28. The firm’s 50-day simple moving average is $12.98 and its 200 day simple moving average is $12.90.

Lindblad Expeditions (NASDAQ:LIND) last issued its 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 business had revenue of $240.17 million during the quarter, compared to analyst estimates of $229.68 million. As a group, research analysts predict 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 16,123 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $15.02, for a total transaction of $242,167.46. Following the completion of the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at approximately $352,459.32. The trade was a 40.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors have recently added to or reduced their stakes in LIND. AQR Capital Management LLC boosted its position in Lindblad Expeditions by 44.4% in the first quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after buying an additional 4,921 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after acquiring an additional 1,037 shares during the last quarter. Militia Capital Partners LP bought a new position in shares of Lindblad Expeditions in the 1st quarter valued at $238,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at $1,405,000. Finally, North Star Investment Management Corp. grew its position in Lindblad Expeditions by 1.4% during the 2nd quarter. North Star Investment Management Corp. now owns 204,800 shares of the company’s stock worth $2,390,000 after acquiring an additional 2,900 shares during the last quarter. 75.94% of the stock is currently 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.