Lindblad Expeditions (NASDAQ:LIND) Stock Rating Lowered by Wall Street Zen

Lindblad Expeditions (NASDAQ:LIND) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued research reports about the company. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a research note on Monday, June 29th. Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a research report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Benchmark raised their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lindblad Expeditions currently has an average rating of “Moderate Buy” and a consensus price target of $31.20.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock opened at $33.95 on Friday. The company has a market cap of $2.23 billion, a P/E ratio of -89.34 and a beta of 2.24. Lindblad Expeditions has a one year low of $11.37 and a one year high of $34.95. The business has a fifty day moving average of $26.73 and a two-hundred day moving average of $21.59.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. The business had revenue of $199.25 million for the quarter, compared to analysts’ expectations of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. Sell-side analysts predict that Lindblad Expeditions will post 0.17 EPS for the current year.

Insider Activity

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the sale, the director directly owned 25,872 shares in the company, valued at $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Trey Byus sold 10,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $20.05, for a total transaction of $200,500.00. Following the completion of the sale, the insider directly owned 101,530 shares of the company’s stock, valued at $2,035,676.50. The trade was a 8.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,642 shares of company stock valued at $1,360,583 in the last ninety days. Company insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Lindblad Expeditions in the second quarter valued at about $122,583,000. Vanguard Group Inc. boosted its holdings in Lindblad Expeditions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock worth $29,853,000 after acquiring an additional 29,642 shares during the period. Principal Financial Group Inc. boosted its holdings in Lindblad Expeditions by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock worth $26,467,000 after acquiring an additional 46,955 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after acquiring an additional 393,359 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Lindblad Expeditions by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 908,796 shares of the company’s stock valued at $13,107,000 after acquiring an additional 5,553 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.