Shares of Lindblad Expeditions Holdings Inc (NASDAQ:LIND) have received a consensus rating of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.25.
A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. TheStreet raised Lindblad Expeditions from a “c+” rating to a “b-” rating in a research report on Monday. ValuEngine raised Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. Imperial Capital reaffirmed an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of Lindblad Expeditions in a research report on Monday, March 4th. Finally, BidaskClub raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a research report on Saturday, December 8th.
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In other Lindblad Expeditions news, insider Trey Byus sold 60,000 shares of Lindblad Expeditions stock in a transaction on Monday, March 11th. The stock was sold at an average price of $15.62, for a total transaction of $937,200.00. Following the completion of the sale, the insider now directly owns 336,607 shares of the company’s stock, valued at approximately $5,257,801.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 51.60% of the company’s stock.
Several large investors have recently made changes to their positions in LIND. Northern Trust Corp increased its holdings in shares of Lindblad Expeditions by 1.9% in the 2nd quarter. Northern Trust Corp now owns 269,322 shares of the company’s stock valued at $3,569,000 after acquiring an additional 4,943 shares during the period. First Trust Advisors LP purchased a new position in shares of Lindblad Expeditions in the 3rd quarter valued at $610,000. Acadian Asset Management LLC increased its holdings in shares of Lindblad Expeditions by 327.7% in the 3rd quarter. Acadian Asset Management LLC now owns 80,624 shares of the company’s stock valued at $1,199,000 after acquiring an additional 61,772 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Lindblad Expeditions by 179.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,511 shares of the company’s stock valued at $587,000 after acquiring an additional 25,374 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Lindblad Expeditions by 7.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 82,900 shares of the company’s stock valued at $1,233,000 after acquiring an additional 5,726 shares during the period. Institutional investors and hedge funds own 54.85% of the company’s stock.
NASDAQ LIND traded down $0.09 on Friday, reaching $15.51. 197,900 shares of the stock traded hands, compared to its average volume of 142,114. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.56. The firm has a market cap of $723.42 million, a PE ratio of 64.63 and a beta of -0.09. Lindblad Expeditions has a 12 month low of $9.57 and a 12 month high of $16.40.
Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Thursday, February 28th. The company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. On average, research analysts expect that Lindblad Expeditions will post 0.44 earnings per share for the current year.
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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