Lindblad Expeditions (NASDAQ:LIND) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a buy rating in a research note released on Tuesday morning, Zacks.com reports. The brokerage currently has $19.00 target price on the stock.

According to Zacks, “Lindblad Expeditions Holdings, Inc. is an expedition travel company. It produce marine expedition programs and promote conservation and sustainable tourism. The company operates expeditions on intimately-scaled ships and allows interaction between guests, crew and the teams of scientists, naturalists, researchers and photographers. Lindblad Expeditions Holdings, Inc. is headquartered in New York. “

LIND has been the topic of several other reports. Imperial Capital reaffirmed an outperform rating and set a $21.00 price objective (up from $18.00) on shares of Lindblad Expeditions in a research note on Friday, April 5th. Sidoti cut shares of Lindblad Expeditions from a buy rating to a neutral rating and set a $19.00 price objective on the stock. in a research note on Tuesday, July 2nd. BidaskClub raised shares of Misonix from a buy rating to a strong-buy rating in a research note on Wednesday, July 3rd. Finally, TheStreet cut shares of Stamps.com from a b- rating to a c+ rating in a research note on Monday, March 11th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $18.00.



NASDAQ:LIND opened at $17.72 on Tuesday. Lindblad Expeditions has a 12-month low of $11.98 and a 12-month high of $18.49. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $776.29 million, a price-to-earnings ratio of 52.97 and a beta of 0.16. The business has a 50-day simple moving average of $17.04.

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

In other news, insider Benjamin Bressler sold 66,051 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $16.28, for a total transaction of $1,075,310.28. Following the sale, the insider now directly owns 86,900 shares of the company’s stock, valued at $1,414,732. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Trey Byus sold 2,367 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $16.29, for a total transaction of $38,558.43. Following the sale, the insider now directly owns 209,195 shares in the company, valued at $3,407,786.55. The disclosure for this sale can be found here. Insiders have sold 279,151 shares of company stock worth $4,555,028 over the last ninety days. Insiders own 51.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LIND. Rhumbline Advisers grew its stake in shares of Lindblad Expeditions by 50.5% during the fourth quarter. Rhumbline Advisers now owns 27,327 shares of the company’s stock valued at $368,000 after purchasing an additional 9,175 shares during the last quarter. First Trust Advisors LP grew its stake 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 valued at $656,000 after purchasing an additional 7,690 shares during the last quarter. California Public Employees Retirement System bought a new stake in shares of Lindblad Expeditions during the fourth quarter valued at approximately $392,000. BlackRock Inc. grew its stake in shares of Lindblad Expeditions by 9.7% during the fourth quarter. BlackRock Inc. now owns 1,502,044 shares of the company’s stock valued at $20,217,000 after purchasing an additional 132,902 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Lindblad Expeditions by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 87,384 shares of the company’s stock valued at $1,176,000 after purchasing an additional 4,484 shares during the last quarter. 60.60% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions Company Profile

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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