Lindblad Expeditions (NASDAQ:LIND – Get Rating) was upgraded by StockNews.com to a “sell” rating in a report released on Saturday.
Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Lindblad Expeditions from a “hold” rating to a “sell” rating in a report on Saturday, February 26th. Stifel Nicolaus dropped their target price on Lindblad Expeditions from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on Lindblad Expeditions from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, February 23rd. Finally, William Blair began coverage on Lindblad Expeditions in a research report on Thursday, December 9th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.
Shares of LIND opened at $15.00 on Friday. The firm has a market cap of $762.14 million, a P/E ratio of -6.22 and a beta of 2.24. Lindblad Expeditions has a 12-month low of $11.31 and a 12-month high of $21.25. The company’s 50-day moving average price is $17.08 and its 200 day moving average price is $15.84.
Lindblad Expeditions (NASDAQ:LIND – Get Rating) last issued its quarterly earnings data on Monday, February 21st. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.06). Lindblad Expeditions had a negative net margin of 81.95% and a negative return on equity of 758.61%. During the same quarter in the previous year, the business earned ($0.59) earnings per share. As a group, research analysts anticipate that Lindblad Expeditions will post -1.14 earnings per share for the current year.
In related news, insider Trey Byus sold 11,697 shares of the firm’s stock in a transaction that occurred on Wednesday, January 19th. The stock was sold at an average price of $18.31, for a total value of $214,172.07. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sven-Olof Lindblad sold 25,184 shares of Lindblad Expeditions stock in a transaction on Monday, December 27th. The shares were sold at an average price of $17.22, for a total value of $433,668.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,746 shares of company stock worth $2,000,097. Corporate insiders own 39.20% of the company’s stock.
Several hedge funds have recently modified their holdings of LIND. Ariel Investments LLC purchased a new position in shares of Lindblad Expeditions during the fourth quarter valued at $17,385,000. Next Century Growth Investors LLC boosted its position in Lindblad Expeditions by 37.5% during the third quarter. Next Century Growth Investors LLC now owns 1,114,274 shares of the company’s stock valued at $16,257,000 after purchasing an additional 303,961 shares during the last quarter. Voya Investment Management LLC boosted its position in Lindblad Expeditions by 72.3% during the third quarter. Voya Investment Management LLC now owns 440,566 shares of the company’s stock valued at $6,428,000 after purchasing an additional 184,866 shares during the last quarter. Deep Field Asset Management LLC boosted its position in Lindblad Expeditions by 123.1% during the third quarter. Deep Field Asset Management LLC now owns 329,511 shares of the company’s stock valued at $4,808,000 after purchasing an additional 181,822 shares during the last quarter. Finally, Pier Capital LLC boosted its position in Lindblad Expeditions by 26.4% during the third quarter. Pier Capital LLC now owns 832,719 shares of the company’s stock valued at $12,149,000 after purchasing an additional 174,051 shares during the last quarter. Institutional investors and hedge funds own 87.14% of the company’s stock.
About Lindblad Expeditions
Lindblad Expeditions Holdings, Inc engages in the provision of expedition cruising and travel services. It operates through the Lindblad and Natural Habitat segments. The Lindblad segment primarily includes sea-based expeditions. The Natural Habitat segment offers land-based, eco-conscious expeditions.