Lindblad Expeditions (NASDAQ:LIND) Reaches New 1-Year High - Time to Buy?

Key Points

• Lindblad Expeditions reached a new 52-week high of $35.00, with the stock last trading around $34.32 and up sharply from its 50-day and 200-day moving averages.
• Analyst sentiment is mixed: four analysts rate the stock a Buy, three a Hold and one a Sell. The consensus rating is Hold, with an average price target of $31.20, below the recent share price.
• The company exceeded quarterly expectations, reporting a loss of $0.02 per share versus the anticipated $0.10 loss and revenue of $199.25 million versus estimates of $185.86 million. However, insiders sold 56,642 shares worth $1.32 million over the past 90 days.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as $35.00 and last traded at $34.3190, with a volume of 57422 shares traded. The stock had previously closed at $34.48.

Analysts Set New Price Targets

A number of brokerages have issued reports on LIND. Benchmark increased their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Stifel Nicolaus set a $37.00 price target on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Wall Street Zen lowered shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Zacks Research cut Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a report on Monday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $31.20.

Lindblad Expeditions Stock Down 0.7%

The stock has a market capitalization of $2.25 billion, a PE ratio of -90.19 and a beta of 2.24. The stock has a fifty day moving average of $27.63 and a 200-day moving average of $22.08.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its 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. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The firm had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Equities research analysts expect that Lindblad Expeditions will post 0.17 EPS for the current year.

Insider Transactions at Lindblad Expeditions

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 value of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares of the company's stock, valued at $626,361.12. This trade represents a 63.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John M. Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 21st. The stock was 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 in the company, valued at $2,278,966.36. This trade represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 56,642 shares of company stock valued at $1,321,803. 26.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Lindblad Expeditions in the second quarter valued at $122,583,000. Bank of New York Mellon Corp purchased a new stake in Lindblad Expeditions during the second quarter worth about $19,362,000. Millennium Management LLC boosted its stake 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 worth $10,677,000 after acquiring an additional 446,294 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 purchasing an additional 393,359 shares during the last quarter. Finally, UBS Group AG grew its stake in Lindblad Expeditions by 57.9% in the 4th quarter. UBS Group AG now owns 833,372 shares of the company's stock valued at $12,017,000 after acquiring an additional 305,704 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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.

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