Lindblad Expeditions Holdings Inc (NASDAQ:LIND) has earned an average rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $13.75.
A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded Lindblad Expeditions from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, August 7th. Deutsche Bank boosted their target price on Lindblad Expeditions from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday, November 5th. Finally, Imperial Capital boosted their target price on Lindblad Expeditions from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, August 6th.
Lindblad Expeditions stock traded down $0.03 on Friday, reaching $13.28. The company’s stock had a trading volume of 67,670 shares, compared to its average volume of 87,160. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.97 and a current ratio of 0.99. The firm has a market cap of $618.05 million, a P/E ratio of 147.56 and a beta of 0.47. Lindblad Expeditions has a twelve month low of $8.66 and a twelve month high of $15.88.
Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Friday, November 2nd. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The business had revenue of $87.24 million during the quarter, compared to the consensus estimate of $91.26 million. On average, equities research analysts predict that Lindblad Expeditions will post 0.23 earnings per share for the current year.
In other news, insider Trey Byus sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $15.40, for a total transaction of $154,000.00. Following the completion of the sale, the insider now owns 356,607 shares in the company, valued at $5,491,747.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 130,000 shares of company stock valued at $1,876,900. 51.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Lindblad Expeditions by 0.9% in the third quarter. BlackRock Inc. now owns 1,369,142 shares of the company’s stock valued at $20,359,000 after purchasing an additional 11,943 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Lindblad Expeditions by 7.4% in the third quarter. Bank of New York Mellon Corp now owns 82,900 shares of the company’s stock valued at $1,233,000 after purchasing an additional 5,726 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Lindblad Expeditions by 179.5% in the third quarter. JPMorgan Chase & Co. now owns 39,511 shares of the company’s stock valued at $587,000 after purchasing an additional 25,374 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Lindblad Expeditions by 327.7% in the third quarter. Acadian Asset Management LLC now owns 80,624 shares of the company’s stock valued at $1,199,000 after purchasing an additional 61,772 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Lindblad Expeditions in the third quarter valued at about $610,000. Institutional investors and hedge funds own 52.57% of the company’s stock.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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