Lindblad Expeditions (NASDAQ:LIND) Trading 7.3% Higher – What’s Next?

Shares of Lindblad Expeditions (NASDAQ:LIND) were up 7.3% during mid-day trading on Monday . The stock traded as high as $17.68 and last traded at $17.3450. Approximately 259,693 shares traded hands during trading, a decline of 69% from the average daily volume of 832,557 shares. The stock had previously closed at $16.16.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a report on Monday. They set an “outperform” rating and a $25.00 target price on the stock. Stifel Nicolaus boosted their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Citigroup initiated coverage on Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating on the stock. Finally, Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lindblad Expeditions has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Lindblad Expeditions Trading Up 6.3%

The firm has a market cap of $1.12 billion, a P/E ratio of -27.15 and a beta of 2.20. The business’s fifty day simple moving average is $17.89 and its 200-day simple moving average is $14.66.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.13). The business had revenue of $183.18 million for the quarter, compared to analyst estimates of $167.66 million. Analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insider Activity at Lindblad Expeditions

In other news, Director Sven-Olof Lindblad sold 28,002 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $17.61, for a total value of $493,115.22. Following the sale, the director directly owned 10,783,962 shares of the company’s stock, valued at $189,905,570.82. The trade was a 0.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $17.57, for a total transaction of $983,920.00. Following the sale, the director directly owned 45,488 shares in the company, valued at $799,224.16. This trade represents a 55.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,846,119 shares of company stock valued at $30,929,291. 34.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Lindblad Expeditions during the third quarter valued at about $35,000. Osaic Holdings Inc. increased its stake in Lindblad Expeditions by 58.1% during the second 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. purchased a new stake in Lindblad Expeditions during the fourth quarter valued at approximately $57,000. Royal Bank of Canada lifted its stake in shares of Lindblad Expeditions by 127.1% in the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after purchasing an additional 3,311 shares during the period. 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.