Lindblad Expeditions (NASDAQ:LIND) Raised to “Buy” at StockNews.com

Lindblad Expeditions (NASDAQ:LIND) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

LIND has been the topic of several other research reports. B. Riley boosted their price target on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Craig Hallum boosted their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus cut their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Stock Up 12.2 %

NASDAQ:LIND traded up $1.43 during trading hours on Wednesday, hitting $13.14. 904,068 shares of the stock traded hands, compared to its average volume of 166,920. Lindblad Expeditions has a 1 year low of $5.95 and a 1 year high of $13.32. The company has a market cap of $713.76 million, a price-to-earnings ratio of -12.76 and a beta of 3.02. The stock has a 50 day moving average price of $9.76 and a 200 day moving average price of $8.82.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $136.50 million for the quarter, compared to analysts’ expectations of $137.39 million. Equities analysts forecast that Lindblad Expeditions will post -0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lindblad Expeditions news, CEO Sven-Olof Lindblad acquired 32,117 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average cost of $7.95 per share, with a total value of $255,330.15. Following the completion of the purchase, the chief executive officer now directly owns 11,825,063 shares in the company, valued at $94,009,250.85. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Noah Brodsky sold 14,344 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total transaction of $150,612.00. Following the transaction, the insider now directly owns 58,518 shares of the company’s stock, valued at approximately $614,439. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sven-Olof Lindblad purchased 32,117 shares of Lindblad Expeditions stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the completion of the transaction, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 34.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds have recently made changes to their positions in LIND. Assetmark Inc. increased its position in shares of Lindblad Expeditions by 49.6% in the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after acquiring an additional 1,722 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in Lindblad Expeditions in the first quarter valued at $95,000. Arizona State Retirement System purchased a new stake in Lindblad Expeditions in the second quarter valued at $101,000. SG Americas Securities LLC purchased a new stake in Lindblad Expeditions in the third quarter valued at $139,000. Finally, EntryPoint Capital LLC purchased a new stake in Lindblad Expeditions in the first quarter valued at $176,000. 75.94% of the stock is owned by institutional investors and hedge funds.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.