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

Lindblad Expeditions (NASDAQ:LIND) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft set a $29.00 target price on Lindblad Expeditions in a report on Thursday, August 6th. Capital One Financial set a $31.00 price target on Lindblad Expeditions in a report on Monday, June 29th. Benchmark raised their price objective on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.20.

Lindblad Expeditions Trading Down 0.6%

Shares of Lindblad Expeditions stock opened at $32.84 on Monday. The business has a 50-day moving average price of $27.13 and a two-hundred day moving average price of $21.83. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $34.95. The company has a market cap of $2.15 billion, a P/E ratio of -86.42 and a beta of 2.24.

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

Insider Transactions at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.26, for a total value of $40,520.00. Following the sale, the director owned 112,486 shares of the company’s stock, valued at $2,278,966.36. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Elliott Bisnow sold 44,642 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,642 shares of company stock worth $1,341,193 in the last 90 days. Insiders own 26.10% of the company’s stock.

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently made changes to their positions in LIND. Allworth Financial LP purchased a new position in Lindblad Expeditions during the second quarter worth about $38,000. Osaic Holdings Inc. raised its holdings in shares of Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after acquiring an additional 3,311 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Lindblad Expeditions during the fourth quarter worth about $57,000. Finally, Silvant Capital Management LLC bought a new position in shares of Lindblad Expeditions in the second quarter worth approximately $58,000. 75.94% of the stock is currently owned by institutional investors.

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.