Lindblad Expeditions (NASDAQ:LIND) Sets New 1-Year High – Time to Buy?

Lindblad Expeditions (NASDAQ:LIND)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $26.56 and last traded at $25.9790, with a volume of 1410609 shares. The stock had previously closed at $25.75.

Wall Street Analyst Weigh In

LIND has been the topic of several recent analyst reports. Oppenheimer initiated coverage on Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target on the stock. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Benchmark upped their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.33.

Lindblad Expeditions Price Performance

The firm has a market cap of $1.68 billion, a P/E ratio of -47.86 and a beta of 2.26. The stock has a 50 day moving average of $20.77 and a 200 day moving average of $18.16.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million for the quarter, compared to the consensus estimate of $197.24 million. On average, research analysts predict that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the sale, the director directly owned 25,872 shares in the company, valued at $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Trey Byus sold 26,460 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.23, for a total value of $535,285.80. Following the transaction, the insider directly owned 111,530 shares in the company, valued at $2,256,251.90. This trade represents a 19.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 88,602 shares of company stock valued at $1,966,009. Insiders own 26.10% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

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

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.