Lindblad Expeditions (NASDAQ:LIND) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Lindblad Expeditions (NASDAQ:LIND - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.25.

LIND has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 4th. Benchmark boosted their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a report on Monday, March 16th. They set an "outperform" rating and a $25.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, January 12th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st.

Lindblad Expeditions Stock Performance

LIND stock opened at $18.55 on Monday. The company has a market cap of $1.22 billion, a P/E ratio of -29.44 and a beta of 2.21. Lindblad Expeditions has a 52 week low of $8.97 and a 52 week high of $21.59. The company's 50-day moving average price is $18.43 and its 200 day moving average price is $15.88.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.13). The company had revenue of $183.18 million for the quarter, compared to analysts' expectations of $167.66 million. On average, equities research analysts expect that Lindblad Expeditions will post 0.06 earnings per share for the current year.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,768 shares of the company's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $17.66, for a total value of $137,182.88. Following the sale, the director owned 122,986 shares of the company's stock, valued at $2,171,932.76. This represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $17.57, for a total transaction of $983,920.00. Following the completion of the sale, the director directly owned 45,488 shares in the company, valued at $799,224.16. This trade represents a 55.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 441,469 shares of company stock worth $7,840,403 over the last ninety days. 34.00% of the stock is currently owned by company insiders.

Institutional Trading of Lindblad Expeditions

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Lindblad Expeditions by 1.3% in 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 in the last quarter. Anchor Capital Management Company LLC lifted its holdings in shares of Lindblad Expeditions by 7.4% in the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company's stock valued at $24,462,000 after purchasing an additional 131,203 shares in the last quarter. Black Diamond Financial LLC lifted its holdings in shares of Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company's stock valued at $13,675,000 after purchasing an additional 127,950 shares in the last quarter. Penn Capital Management Company LLC lifted its holdings in shares of Lindblad Expeditions by 1.7% in the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company's stock valued at $12,423,000 after purchasing an additional 16,418 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Lindblad Expeditions by 4.5% in the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company's stock valued at $12,321,000 after purchasing an additional 41,750 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.

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