BidaskClub cut shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a research report sent to investors on Friday, September 14th.
Several other brokerages have also recently weighed in on LIND. Zacks Investment Research upgraded shares of Lindblad Expeditions from a hold rating to a buy rating and set a $15.00 price target on the stock in a research note on Tuesday, August 7th. Imperial Capital lifted their price target on shares of Lindblad Expeditions from $14.00 to $16.00 and gave the stock an outperform rating in a research note on Monday, August 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $13.25.
LIND stock traded down $0.20 on Friday, hitting $14.50. The company had a trading volume of 44,820 shares, compared to its average volume of 116,026. Lindblad Expeditions has a 12-month low of $8.66 and a 12-month high of $15.88. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $680.85 million, a P/E ratio of 161.11 and a beta of -0.11.
Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Thursday, August 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. Lindblad Expeditions had a net margin of 1.40% and a return on equity of 14.76%. The company had revenue of $69.47 million for the quarter, compared to analysts’ expectations of $66.90 million. As a group, equities analysts predict that Lindblad Expeditions will post 0.22 earnings per share for the current year.
In other news, insider Trey Byus sold 25,750 shares of Lindblad Expeditions stock in a transaction on Friday, August 10th. The shares were sold at an average price of $13.87, for a total transaction of $357,152.50. Following the transaction, the insider now owns 450,857 shares in the company, valued at approximately $6,253,386.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 155,750 shares of company stock worth $2,234,053 in the last quarter. Corporate insiders own 51.60% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY purchased a new position in shares of Lindblad Expeditions during the 2nd quarter worth $100,000. MetLife Investment Advisors LLC bought a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at $143,000. Acadian Asset Management LLC bought a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at $250,000. Rhumbline Advisers raised its position in shares of Lindblad Expeditions by 27.1% during the 2nd quarter. Rhumbline Advisers now owns 19,477 shares of the company’s stock valued at $258,000 after purchasing an additional 4,155 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at $264,000. Institutional investors and hedge funds own 52.52% of the company’s stock.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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