Lindblad Expeditions (NASDAQ:LIND) Sets New 12-Month High – Time to Buy?

Lindblad Expeditions (NASDAQ:LIND)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $24.82 and last traded at $24.1150, with a volume of 34367 shares. The stock had previously closed at $23.45.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Oppenheimer assumed coverage on Lindblad Expeditions in a report on Monday, March 16th. They set an “outperform” rating and a $25.00 target price for the company. Finally, Benchmark lifted their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lindblad Expeditions has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

Lindblad Expeditions Price Performance

The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -44.11 and a beta of 2.26. The stock has a fifty day simple moving average of $20.06 and a 200-day simple moving average of $17.71.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. As a group, equities analysts expect that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 3,500 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $20.04, for a total value of $70,140.00. Following the completion of the transaction, the director owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Trey Byus sold 26,460 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $20.23, for a total value of $535,285.80. Following the transaction, the insider directly owned 111,530 shares of the company’s stock, valued at approximately $2,256,251.90. The trade was a 19.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 43,960 shares of company stock valued at $885,226 in the last ninety days. 26.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Pier Capital LLC purchased a new stake in shares of Lindblad Expeditions during the third quarter worth approximately $6,076,000. SG Americas Securities LLC increased its position in shares of Lindblad Expeditions by 112.4% during the fourth quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock worth $2,484,000 after purchasing an additional 91,176 shares in the last quarter. Anchor Capital Management Company LLC increased its position in shares of Lindblad Expeditions by 7.4% during the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after purchasing an additional 131,203 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Lindblad Expeditions by 4.5% during the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock worth $12,321,000 after purchasing an additional 41,750 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Lindblad Expeditions by 57.9% during the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after purchasing an additional 305,704 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

About Lindblad Expeditions

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.