Lindblad Expeditions (NASDAQ:LIND) Cut to "Hold" at Wall Street Zen

Key Points

• Lindblad Expeditions has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a shift in analysts' outlook on the stock.
• Despite the downgrade, Craig Hallum has set a target price of $16.00 for Lindblad Expeditions, maintaining a "buy" rating.
• Insider trading activity revealed that CEO Benjamin Bressler sold 47,325 shares at an average price of $13.02, reducing his ownership by 3.49%.

Wall Street Zen downgraded shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) from a buy rating to a hold rating in a research report released on Saturday.

Separately, Craig Hallum set a $16.00 price objective on shares of Lindblad Expeditions and gave the company a "buy" rating in a report on Friday, May 23rd.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND traded up $0.62 during trading on Friday, reaching $12.35. 454,566 shares of the company's stock traded hands, compared to its average volume of 314,116. Lindblad Expeditions has a 12 month low of $6.76 and a 12 month high of $14.34. The company has a 50 day moving average of $11.70 and a 200-day moving average of $10.86. The stock has a market capitalization of $675.67 million, a P/E ratio of -20.58 and a beta of 2.71.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.11. The firm had revenue of $167.95 million during the quarter, compared to the consensus estimate of $158.97 million. Equities research analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 47,325 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $13.02, for a total value of $616,171.50. Following the transaction, the chief executive officer owned 1,310,460 shares in the company, valued at approximately $17,062,189.20. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 34.00% of the company's stock.

Institutional Trading of Lindblad Expeditions

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Lindblad Expeditions by 3,188.1% during the 1st quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock valued at $26,000 after buying an additional 2,678 shares during the period. Quantbot Technologies LP boosted its stake in shares of Lindblad Expeditions by 28.3% during the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company's stock valued at $56,000 after buying an additional 1,345 shares during the period. AlphaQuest LLC boosted its stake in shares of Lindblad Expeditions by 167.4% during the 2nd quarter. AlphaQuest LLC now owns 8,669 shares of the company's stock valued at $101,000 after buying an additional 5,427 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Lindblad Expeditions during the 4th quarter valued at $110,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Lindblad Expeditions during the 4th quarter valued at $120,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.