Lindblad Expeditions (NASDAQ:LIND) Stock Moved Down to “Hold” by Zacks Research

Zacks Research downgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a strong-buy rating to a hold rating in a research report released on Thursday,Zacks reports.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $30.00 target price on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus set a $43.00 price objective on Lindblad Expeditions in a report on Wednesday. Finally, Jefferies Financial Group upped their price objective on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.50.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock traded up $2.41 during midday trading on Thursday, reaching $33.98. 908,137 shares of the stock were exchanged, compared to its average volume of 845,472. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $38.85. The firm has a market cap of $2.23 billion, a PE ratio of -1,699.00 and a beta of 2.27. The company’s fifty day moving average is $31.53 and its 200-day moving average is $24.85.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $269.15 million during the quarter, compared to the consensus estimate of $263.54 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. On average, sell-side analysts anticipate that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sven-Olof Lindblad sold 66,872 shares of the company’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $36.95, for a total value of $2,470,920.40. Following the completion of the transaction, the director directly owned 9,937,202 shares in the company, valued at approximately $367,179,613.90. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 750,000 shares of company stock worth $26,532,349. Insiders own 26.10% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co increased its position in shares of Lindblad Expeditions by 9.2% during the 3rd quarter. Diversified Trust Co now owns 16,971 shares of the company’s stock valued at $533,000 after purchasing an additional 1,427 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Lindblad Expeditions by 4.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 320,499 shares of the company’s stock valued at $10,073,000 after purchasing an additional 14,818 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in shares of Lindblad Expeditions during the 3rd quarter valued at $299,000. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Lindblad Expeditions by 11.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 5,202 shares of the company’s stock valued at $163,000 after purchasing an additional 541 shares during the last quarter. Finally, Tectonic Advisors LLC purchased a new position in Lindblad Expeditions in the 3rd quarter worth $925,000. Institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.