Wall Street Zen Upgrades Lindblad Expeditions (NASDAQ:LIND) to "Buy"

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

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

Lindblad Expeditions Trading Up 2.6%

LIND opened at $11.59 on Friday. The company's 50 day moving average is $10.31 and its 200 day moving average is $10.78. The company has a market cap of $634.09 million, a price-to-earnings ratio of -19.32 and a beta of 2.65. Lindblad Expeditions has a 12-month low of $6.76 and a 12-month high of $14.34.

Insider Transactions at Lindblad Expeditions

In related news, Director Alex P. Schultz acquired 36,375 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the purchase, the director now owns 283,323 shares in the company, valued at $2,258,084.31. The trade was a 14.73% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 34.00% of the company's stock.

Hedge Funds Weigh In On Lindblad Expeditions

Several large investors have recently added to or reduced their stakes in LIND. GAMMA Investing LLC increased its stake in shares of Lindblad Expeditions by 3,188.1% in the first quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock worth $26,000 after purchasing an additional 2,678 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Lindblad Expeditions by 28.3% in the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company's stock worth $56,000 after buying an additional 1,345 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Lindblad Expeditions in the 4th quarter worth $110,000. ProShare Advisors LLC bought a new stake in Lindblad Expeditions during the fourth quarter valued at about $120,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Lindblad Expeditions in the fourth quarter valued at about $121,000. Hedge funds and other institutional investors own 75.94% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.