Lindblad Expeditions (NASDAQ:LIND) Receives Consensus Rating of “Hold” from Brokerages

Shares of Lindblad Expeditions (NASDAQ:LIND) have earned an average rating of “Hold” from the nine analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $30.8333.

A number of research firms have issued reports on LIND. Stifel Nicolaus set a $37.00 target price on shares of Lindblad Expeditions in a research note on Tuesday, August 4th. Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a research note on Monday, June 29th. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Finally, Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th.

Lindblad Expeditions Price Performance

LIND opened at $25.67 on Friday. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $35.00. The business has a 50-day moving average of $29.15 and a 200-day moving average of $23.53. The company has a market capitalization of $1.68 billion, a PE ratio of -67.55 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%.The business had revenue of $199.25 million during the quarter, compared to analyst estimates of $185.86 million. On average, equities research analysts expect that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Michael Bisnow sold 44,642 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the sale, the director owned 25,872 shares of the company’s stock, valued at $626,361.12. The trade was a 63.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LIND. BlackRock Inc. acquired a new stake in Lindblad Expeditions in the 2nd quarter worth approximately $122,583,000. Vanguard Group Inc. grew its holdings in Lindblad Expeditions by 1.3% during the third quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after purchasing an additional 29,642 shares during the last quarter. California State Teachers Retirement System grew its holdings in Lindblad Expeditions by 4,129.5% during the second quarter. California State Teachers Retirement System now owns 1,553,991 shares of the company’s stock valued at $43,885,000 after purchasing an additional 1,517,249 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Lindblad Expeditions by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after purchasing an additional 46,955 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of 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 purchasing an additional 393,359 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.