Zacks Investment Research upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a buy rating in a research note published on Tuesday. The brokerage currently has $15.00 price objective on the stock.

According to Zacks, “Lindblad Expeditions Holdings, Inc. is an expedition travel company. It produce marine expedition programs and promote conservation and sustainable tourism. The company operates expeditions on intimately-scaled ships and allows interaction between guests, crew and the teams of scientists, naturalists, researchers and photographers. Lindblad Expeditions Holdings, Inc. is headquartered in New York. “

A number of other analysts also recently weighed in on LIND. BidaskClub downgraded shares of Lindblad Expeditions from a buy rating to a hold rating in a report on Saturday, August 4th. Imperial Capital increased their price target on shares of Lindblad Expeditions from $14.00 to $16.00 and gave the company an outperform rating in a report on Monday, August 6th. ValuEngine raised shares of Lindblad Expeditions from a hold rating to a buy rating in a report on Wednesday, May 2nd. Deutsche Bank increased their price target on shares of Lindblad Expeditions from $10.00 to $11.00 and gave the company a hold rating in a report on Friday, May 4th. Finally, TheStreet raised shares of Lindblad Expeditions from a c rating to a b rating in a report on Thursday, May 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $13.25.

Lindblad Expeditions opened at $13.84 on Tuesday, according to MarketBeat Ratings. The company has a quick ratio of 1.06, a current ratio of 0.99 and a debt-to-equity ratio of 1.65. The firm has a market cap of $621.78 million, a P/E ratio of 37.72 and a beta of -0.40. Lindblad Expeditions has a 1 year low of $8.66 and a 1 year high of $14.55.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Lindblad Expeditions had a net margin of 1.40% and a return on equity of 14.76%. The firm had revenue of $69.47 million during the quarter, compared to the consensus estimate of $66.90 million. equities research analysts expect that Lindblad Expeditions will post 0.22 earnings per share for the current year.

In other Lindblad Expeditions news, insider Benjamin Bressler sold 66,051 shares of the stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $12.19, for a total value of $805,161.69. Following the completion of the sale, the insider now directly owns 158,689 shares of the company’s stock, valued at approximately $1,934,418.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 51.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of LIND. Acadian Asset Management LLC bought a new position in shares of Lindblad Expeditions during the 2nd quarter worth about $250,000. Rhumbline Advisers lifted its holdings in shares of Lindblad Expeditions by 27.1% during the 2nd quarter. Rhumbline Advisers now owns 19,477 shares of the company’s stock worth $258,000 after acquiring an additional 4,155 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of Lindblad Expeditions during the 2nd quarter worth about $264,000. Trexquant Investment LP bought a new position in shares of Lindblad Expeditions during the 1st quarter worth about $284,000. Finally, Engineers Gate Manager LP bought a new position in shares of Lindblad Expeditions during the 2nd quarter worth about $339,000. 49.74% of the stock is owned by hedge funds and other institutional investors.

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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