Lindblad Expeditions (NASDAQ:LIND) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of Lindblad Expeditions (NASDAQ:LIND) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on LIND. Stifel Nicolaus set a $18.00 price objective on shares of Lindblad Expeditions and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lindblad Expeditions has an average rating of “Hold” and an average target price of $17.00.

Lindblad Expeditions Trading Up 0.4%

NASDAQ:LIND opened at $12.50 on Tuesday. The stock has a market cap of $684.86 million, a P/E ratio of -18.94 and a beta of 2.59. The stock has a 50 day simple moving average of $12.86 and a 200 day simple moving average of $11.99. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $15.06.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $240.17 million during the quarter, compared to analyst estimates of $229.68 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Benjamin Bressler sold 21,137 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $15.01, for a total transaction of $317,266.37. Following the sale, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $352,224.66. The trade was a 47.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Trey Byus sold 16,585 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $14.88, for a total transaction of $246,784.80. Following the sale, the insider directly owned 128,996 shares in the company, valued at $1,919,460.48. The trade was a 11.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 346,167 shares of company stock worth $5,008,206. Insiders own 34.00% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

A number of hedge funds have recently bought and sold shares of the company. Driehaus Capital Management LLC bought a new stake in Lindblad Expeditions during the first quarter valued at $5,900,000. Penn Capital Management Company LLC boosted its position in shares of Lindblad Expeditions by 110.0% during the 1st quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company’s stock valued at $8,766,000 after purchasing an additional 494,709 shares in the last quarter. Ariel Investments LLC grew its stake in Lindblad Expeditions by 6.0% during the first quarter. Ariel Investments LLC now owns 7,777,768 shares of the company’s stock worth $72,100,000 after purchasing an additional 441,046 shares during the period. New York State Common Retirement Fund increased its holdings in Lindblad Expeditions by 106.9% in the first quarter. New York State Common Retirement Fund now owns 684,851 shares of the company’s stock worth $6,349,000 after purchasing an additional 353,817 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Lindblad Expeditions by 108.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock valued at $6,920,000 after buying an additional 308,463 shares during the period. Institutional investors own 75.94% of the company’s stock.

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.