Lindblad Expeditions (LIND) Upgraded by BidaskClub to “Hold”
BidaskClub upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a sell rating to a hold rating in a research report released on Thursday morning.
LIND has been the subject of a number of other reports. TheStreet upgraded shares of Lindblad Expeditions from a c+ rating to a b- rating in a research report on Monday. ValuEngine upgraded shares of Lindblad Expeditions from a buy rating to a strong-buy rating in a research report on Thursday, March 7th. Zacks Investment Research upgraded shares of Lindblad Expeditions from a hold rating to a buy rating and set a $16.00 target price for the company in a research report on Wednesday, March 6th. Imperial Capital restated an outperform rating and set a $18.00 target price (up from $17.00) on shares of Lindblad Expeditions in a research report on Monday, March 4th. Finally, Deutsche Bank set a $14.00 target price on shares of Lindblad Expeditions and gave the company a hold rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Lindblad Expeditions presently has a consensus rating of Buy and a consensus price target of $16.25.
Shares of LIND traded up $0.12 during trading hours on Thursday, reaching $15.28. 70,623 shares of the company traded hands, compared to its average volume of 189,957. The firm has a market capitalization of $713.58 million, a PE ratio of 63.67 and a beta of -0.03. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.94 and a quick ratio of 0.93. Lindblad Expeditions has a 12-month low of $9.57 and a 12-month high of $16.40.
In other Lindblad Expeditions news, insider Trey Byus sold 8,970 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $15.65, for a total value of $140,380.50. Following the completion of the transaction, the insider now owns 294,107 shares in the company, valued at $4,602,774.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 88,970 shares of company stock valued at $1,381,181 over the last 90 days. 51.60% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Lindblad Expeditions in the fourth quarter worth about $37,000. Legal & General Group Plc raised 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 acquiring an additional 921 shares during the period. Strs Ohio acquired a new position in shares of Lindblad Expeditions in the fourth quarter worth about $78,000. Metropolitan Life Insurance Co. NY raised 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 acquiring an additional 5,945 shares during the period. Finally, grace capital acquired a new position in shares of Lindblad Expeditions in the fourth quarter worth about $188,000. Institutional investors and hedge funds own 59.51% 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.
Featured Story: Rule of 72
Receive News & Ratings for Lindblad Expeditions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindblad Expeditions and related companies with MarketBeat.com's FREE daily email newsletter.