Lindblad Expeditions (NASDAQ:LIND) Hits New 52-Week High at $17.53

Lindblad Expeditions Holdings Inc (NASDAQ:LIND) hit a new 52-week high during trading on Friday . The company traded as high as $17.53 and last traded at $17.53, with a volume of 1094 shares trading hands. The stock had previously closed at $16.84.

A number of research analysts recently commented on the company. BidaskClub lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th. Imperial Capital restated an “outperform” rating and issued a $21.00 target price (up from $18.00) on shares of Lindblad Expeditions in a research note on Friday, April 5th. Zacks Investment Research upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, March 6th. TheStreet upgraded Lindblad Expeditions from a “c+” rating to a “b-” rating in a research note on Monday, March 11th. Finally, ValuEngine upgraded Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $17.00.

The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $812.03 million, a PE ratio of 73.88 and a beta of 0.06.



Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.08. Lindblad Expeditions had a return on equity of 12.72% and a net margin of 4.80%. The firm had revenue of $89.65 million during the quarter, compared to analyst estimates of $95.13 million. As a group, equities research analysts expect that Lindblad Expeditions Holdings Inc will post 0.51 EPS for the current fiscal year.

In other Lindblad Expeditions news, insider Trey Byus sold 44,700 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $15.74, for a total transaction of $703,578.00. Following the completion of the transaction, the insider now directly owns 247,695 shares in the company, valued at $3,898,719.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Benjamin Bressler sold 66,051 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $16.28, for a total value of $1,075,310.28. Following the sale, the insider now owns 86,900 shares in the company, valued at approximately $1,414,732. The disclosure for this sale can be found here. Insiders have sold 239,625 shares of company stock valued at $3,863,833 over the last quarter. Corporate insiders own 51.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Noked Capital LTD bought a new stake in shares of Lindblad Expeditions during the fourth quarter worth $2,744,000. First Trust Advisors LP grew its holdings in shares of Lindblad Expeditions by 18.7% during the fourth quarter. First Trust Advisors LP now owns 48,721 shares of the company’s stock worth $656,000 after purchasing an additional 7,690 shares during the last quarter. Cadence Capital Management LLC bought a new stake in shares of Lindblad Expeditions during the first quarter worth $2,851,000. Brown Advisory Inc. grew its holdings in shares of Lindblad Expeditions by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 1,693,505 shares of the company’s stock worth $22,794,000 after purchasing an additional 17,767 shares during the last quarter. Finally, Scout Investments Inc. grew its holdings in shares of Lindblad Expeditions by 2.8% during the first quarter. Scout Investments Inc. now owns 195,201 shares of the company’s stock worth $2,977,000 after purchasing an additional 5,238 shares during the last quarter. Institutional investors own 60.62% of the company’s stock.

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About Lindblad Expeditions (NASDAQ:LIND)

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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