Shares of Lindblad Expeditions Holdings Inc (NASDAQ:LIND) have received an average rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.00.
A number of equities research analysts recently issued reports on LIND shares. Sidoti downgraded shares of Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Tuesday, July 2nd. Imperial Capital restated an “outperform” rating and issued a $21.00 target price (up from $18.00) on shares of Lindblad Expeditions in a report on Friday, April 5th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th.
In other Lindblad Expeditions news, insider Benjamin Bressler sold 66,051 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $16.28, for a total transaction of $1,075,310.28. Following the transaction, the insider now directly owns 86,900 shares of the company’s stock, valued at $1,414,732. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Trey Byus sold 9,000 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $18.02, for a total transaction of $162,180.00. Following the transaction, the insider now directly owns 108,395 shares in the company, valued at $1,953,277.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 279,151 shares of company stock valued at $4,555,028. 51.60% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. ValueAct Holdings L.P. lifted its position in Lindblad Expeditions by 36.0% during the fourth quarter. ValueAct Holdings L.P. now owns 2,300,572 shares of the company’s stock valued at $30,966,000 after buying an additional 609,272 shares in the last quarter. Brown Advisory Inc. lifted its position in Lindblad Expeditions by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 1,693,505 shares of the company’s stock valued at $22,794,000 after buying an additional 17,767 shares in the last quarter. Citigroup Inc. lifted its position in Lindblad Expeditions by 28,380.2% during the first quarter. Citigroup Inc. now owns 1,663,245 shares of the company’s stock valued at $25,364,000 after buying an additional 1,657,405 shares in the last quarter. BlackRock Inc. lifted its position in Lindblad Expeditions by 9.7% during the fourth quarter. BlackRock Inc. now owns 1,502,044 shares of the company’s stock valued at $20,217,000 after buying an additional 132,902 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Lindblad Expeditions by 8.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 831,744 shares of the company’s stock worth $11,195,000 after purchasing an additional 63,296 shares in the last quarter. 60.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ LIND traded down $0.04 during midday trading on Thursday, reaching $18.77. 141,300 shares of the stock were exchanged, compared to its average volume of 197,380. The stock has a market capitalization of $840.87 million, a P/E ratio of 78.21 and a beta of 0.16. Lindblad Expeditions has a 52-week low of $11.98 and a 52-week high of $18.88. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.83 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $17.24.
Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. Lindblad Expeditions had a net margin of 4.80% and a return on equity of 12.72%. The business had revenue of $89.65 million during the quarter, compared to the consensus estimate of $95.13 million. Research analysts predict that Lindblad Expeditions will post 0.52 earnings per share for the current year.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.
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