Lindblad Expeditions (NASDAQ:LIND) Sets New 52-Week High – Here’s What Happened

Shares of Lindblad Expeditions (NASDAQ:LIND) reached a new 52-week high during trading on Monday . The company traded as high as $17.28 and last traded at $17.20, with a volume of 286194 shares. The stock had previously closed at $16.67.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LIND. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Stifel Nicolaus raised their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citigroup initiated coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a “buy” rating for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.00.

Lindblad Expeditions Price Performance

The business’s 50-day moving average price is $14.76 and its 200 day moving average price is $13.47. The firm has a market capitalization of $996.09 million, a price-to-earnings ratio of -27.24 and a beta of 2.27.

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 firm had revenue of $240.17 million for the quarter, compared to analyst estimates of $229.68 million. As a group, sell-side analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insider Activity

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 127,310 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $17.38, for a total transaction of $2,212,647.80. Following the completion of the sale, the director owned 10,811,964 shares in the company, valued at $187,911,934.32. This trade represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Benjamin Bressler sold 87,478 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $17.08, for a total value of $1,494,124.24. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $400,799.28. The trade was a 78.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,531,960 shares of company stock valued at $25,301,535 over the last 90 days. Insiders own 34.00% of the company’s stock.

Institutional Trading of Lindblad Expeditions

A number of hedge funds have recently made changes to their positions in LIND. Pier Capital LLC raised its holdings in Lindblad Expeditions by 21.6% in the fourth quarter. Pier Capital LLC now owns 577,479 shares of the company’s stock valued at $8,327,000 after acquiring an additional 102,770 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Lindblad Expeditions in the 4th quarter worth about $145,000. UBS Group AG raised its stake in shares of Lindblad Expeditions by 57.9% in the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock valued at $12,017,000 after purchasing an additional 305,704 shares in the last quarter. Quent Capital LLC bought a new position in shares of Lindblad Expeditions during the fourth quarter worth about $1,709,000. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Lindblad Expeditions by 122.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 78,241 shares of the company’s stock worth $1,128,000 after purchasing an additional 43,093 shares during the last quarter. Institutional investors and hedge funds 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.