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.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Thursday, February 28th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Lindblad Expeditions had a net margin of 3.67% and a return on equity of 9.80%. As a group, research analysts anticipate that Lindblad Expeditions will post 0.44 EPS for the current fiscal year.

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.

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