Lindblad Expeditions (NASDAQ:LIND) Raised to “Buy” at Wall Street Zen

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

Other research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft set a $29.00 price target on Lindblad Expeditions in a research report on Thursday, August 6th. 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 price objective on Lindblad Expeditions in a report on Tuesday, August 4th. Finally, Benchmark upped their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.20.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $29.59 on Friday. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $35.00. The company has a market cap of $1.94 billion, a PE ratio of -77.87 and a beta of 2.24. The company’s 50 day moving average is $29.44 and its 200 day moving average is $23.17.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.08. The business had revenue of $199.25 million during 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%. Equities research analysts predict that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael Elliott Bisnow sold 44,642 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the sale, the director directly owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 26.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Lindblad Expeditions in the second quarter valued at approximately $122,583,000. California State Teachers Retirement System raised its stake in shares of Lindblad Expeditions by 4,129.5% during the 2nd quarter. California State Teachers Retirement System now owns 1,553,991 shares of the company’s stock worth $43,885,000 after buying an additional 1,517,249 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Lindblad Expeditions during the 2nd quarter worth approximately $19,362,000. Millennium Management LLC lifted its position in shares of Lindblad Expeditions by 115.1% during the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after buying an additional 446,294 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Lindblad Expeditions by 44.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after buying an additional 393,359 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

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.