Shares of Lindblad Expeditions Holdings Inc (NASDAQ:LIND) have been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $16.25.
A number of equities analysts have recently weighed in on LIND shares. BidaskClub lowered Lindblad Expeditions from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 22nd. Stifel Nicolaus started coverage on Lindblad Expeditions in a research note on Friday, February 15th. They issued a “buy” rating and a $17.00 price objective for the company. Deutsche Bank set a $14.00 price objective on Lindblad Expeditions and gave the stock a “hold” rating in a research note on Friday, March 1st. TheStreet lowered Lindblad Expeditions from a “b” rating to a “c+” rating in a research note on Monday, November 19th. Finally, ValuEngine raised Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th.
Shares of NASDAQ LIND traded up $0.12 during mid-day trading on Friday, reaching $15.28. The company’s stock had a trading volume of 227,040 shares, compared to its average volume of 146,089. The firm has a market cap of $713.58 million, a price-to-earnings ratio of 63.67 and a beta of -0.03. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.62. Lindblad Expeditions has a 52 week low of $9.79 and a 52 week high of $16.40.
Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Thursday, February 28th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Lindblad Expeditions had a return on equity of 9.80% and a net margin of 3.67%. Research analysts expect that Lindblad Expeditions will post 0.44 EPS for the current fiscal year.
In related news, insider Trey Byus sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $15.18, for a total value of $303,600.00. Following the sale, the insider now directly owns 336,607 shares in the company, valued at $5,109,694.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 88,970 shares of company stock valued at $1,381,181. Corporate insiders own 51.60% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. purchased a new stake in shares of Lindblad Expeditions in the fourth quarter worth about $37,000. Legal & General Group Plc lifted its position in shares of Lindblad Expeditions by 27.4% in the fourth quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock worth $57,000 after buying an additional 921 shares in the last quarter. Strs Ohio purchased a new stake in shares of Lindblad Expeditions in the fourth quarter worth about $78,000. Metropolitan Life Insurance Co. NY lifted its position in shares of Lindblad Expeditions by 371.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,547 shares of the company’s stock worth $102,000 after buying an additional 5,945 shares in the last quarter. Finally, grace capital purchased a new stake in shares of Lindblad Expeditions in the fourth quarter worth about $188,000. Institutional investors own 59.51% of the company’s stock.
About Lindblad Expeditions
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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