Lindblad Expeditions (NASDAQ:LIND) Shares Gap Down - What's Next?

Key Points

• LIND gapped down — the stock opened at $16.62 after a $17.84 close but was volatile intraday, last reported trading at $20.1650 on volume of 120,121 shares.
• Analysts tilt positive: the consensus is a “Moderate Buy” with a $22.25 target, and several firms (Benchmark, Stifel, Oppenheimer) have raised targets or issued buy/outperform ratings.
• Lindblad beat quarterly EPS ($0.09 vs. $0.01 expected), yet insiders have sold heavily recently — 314,159 shares sold in the last 90 days, though insiders still own 34% of the company.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $17.84, but opened at $16.62. Lindblad Expeditions shares last traded at $20.1650, with a volume of 120,121 shares.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LIND shares. Weiss Ratings restated a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Benchmark raised their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, February 27th. Stifel Nicolaus raised their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, January 12th. Oppenheimer started coverage on Lindblad Expeditions in a research note on Monday, March 16th. They set an "outperform" rating and a $25.00 price objective on the stock. Finally, Zacks Research lowered Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.25.

Lindblad Expeditions Stock Performance

The company has a market cap of $1.34 billion, a price-to-earnings ratio of -32.44 and a beta of 2.22. The company has a fifty day moving average of $18.43 and a two-hundred day moving average of $15.88.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. Equities analysts expect that Lindblad Expeditions will post 0.06 EPS for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In related news, Director Sven-Olof Lindblad sold 28,002 shares of the firm's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $17.61, for a total transaction of $493,115.22. Following the sale, the director owned 10,783,962 shares of the company's stock, valued at $189,905,570.82. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the firm's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $17.57, for a total value of $983,920.00. Following the sale, the director directly owned 45,488 shares in the company, valued at approximately $799,224.16. This trade represents a 55.18% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 314,159 shares of company stock worth $5,627,756. Insiders own 34.00% of the company's stock.

Institutional Investors Weigh In On Lindblad Expeditions

Several hedge funds have recently modified their holdings of LIND. SG Americas Securities LLC lifted its holdings in Lindblad Expeditions by 495.8% during the 3rd quarter. SG Americas Securities LLC now owns 81,089 shares of the company's stock worth $1,038,000 after buying an additional 67,480 shares during the period. Black Diamond Financial LLC lifted its holdings in Lindblad Expeditions by 13.6% during the 3rd quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company's stock worth $13,675,000 after buying an additional 127,950 shares during the period. Pier Capital LLC acquired a new position in Lindblad Expeditions during the 3rd quarter worth about $6,076,000. Anchor Capital Management Company LLC lifted its holdings in Lindblad Expeditions by 7.4% during the 3rd quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company's stock worth $24,462,000 after buying an additional 131,203 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in Lindblad Expeditions by 122.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 78,241 shares of the company's stock worth $1,128,000 after buying an additional 43,093 shares during the period. Institutional investors and hedge funds 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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