Lindblad Expeditions (NASDAQ:LIND) Rating Increased to Hold at StockNews.com

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Monday.

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on Lindblad Expeditions from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, April 2nd.

Lindblad Expeditions Stock Up 0.1 %

LIND stock traded up $0.01 during midday trading on Monday, reaching $7.30. The stock had a trading volume of 458,012 shares, compared to its average volume of 280,392. The firm has a market cap of $390.04 million, a price-to-earnings ratio of -7.77 and a beta of 2.84. Lindblad Expeditions has a twelve month low of $5.47 and a twelve month high of $12.13. The business has a fifty day simple moving average of $8.44 and a two-hundred day simple moving average of $8.49.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.23). The firm had revenue of $125.36 million for the quarter, compared to the consensus estimate of $127.70 million. On average, equities analysts predict that Lindblad Expeditions will post -0.46 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In related news, Director Alex P. Schultz bought 33,016 shares of Lindblad Expeditions stock in a transaction that occurred on Friday, April 19th. The stock was purchased at an average cost of $7.47 per share, with a total value of $246,629.52. Following the purchase, the director now owns 126,400 shares in the company, valued at $944,208. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 34.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LIND. Anchor Capital Management Company LLC lifted its stake in Lindblad Expeditions by 127.1% in the 1st quarter. Anchor Capital Management Company LLC now owns 876,070 shares of the company's stock valued at $8,174,000 after acquiring an additional 490,370 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Lindblad Expeditions by 1.0% in the first quarter. Pinnacle Associates Ltd. now owns 607,994 shares of the company's stock valued at $5,673,000 after purchasing an additional 5,979 shares during the last quarter. Hedges Asset Management LLC lifted its position in shares of Lindblad Expeditions by 17.8% in the first quarter. Hedges Asset Management LLC now owns 156,500 shares of the company's stock worth $1,460,000 after purchasing an additional 23,700 shares in the last quarter. PFG Investments LLC acquired a new position in Lindblad Expeditions during the first quarter worth $152,000. Finally, Virtu Financial LLC bought a new position in Lindblad Expeditions in the fourth quarter valued at $204,000. 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.

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