Lindblad Expeditions Holdings Inc (NASDAQ:LIND) Short Interest Update

Lindblad Expeditions Holdings Inc (NASDAQ:LIND) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 451,900 shares, an increase of 34.3% from the September 30th total of 336,500 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average trading volume of 167,200 shares, the short-interest ratio is currently 2.7 days.

Lindblad Expeditions stock traded up $0.08 during mid-day trading on Tuesday, reaching $15.11. The stock had a trading volume of 142,648 shares, compared to its average volume of 204,574. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.88 and a current ratio of 0.89. Lindblad Expeditions has a fifty-two week low of $11.98 and a fifty-two week high of $19.29. The stock’s 50-day simple moving average is $16.58 and its 200-day simple moving average is $17.26. The firm has a market capitalization of $745.91 million, a PE ratio of 62.96 and a beta of 0.14.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.24). Lindblad Expeditions had a net margin of 3.11% and a return on equity of 12.77%. The firm had revenue of $100.98 million during the quarter, compared to analyst estimates of $104.55 million. On average, research analysts forecast that Lindblad Expeditions will post 0.37 earnings per share for the current fiscal year.

In related news, Director L. Dyson Dryden sold 92,032 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.60, for a total value of $1,711,795.20. Following the sale, the director now owns 1,522,114 shares in the company, valued at approximately $28,311,320.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 239,221 shares of company stock worth $4,381,568. 50.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Lindblad Expeditions by 36.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,276,479 shares of the company’s stock worth $22,913,000 after acquiring an additional 340,800 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Lindblad Expeditions by 645.0% during the second quarter. Wells Fargo & Company MN now owns 343,814 shares of the company’s stock worth $6,171,000 after buying an additional 297,667 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Lindblad Expeditions during the 2nd quarter valued at about $5,718,000. Vanguard Group Inc. boosted its position in shares of Lindblad Expeditions by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,308,238 shares of the company’s stock valued at $23,482,000 after acquiring an additional 26,414 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Lindblad Expeditions by 120.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 75,245 shares of the company’s stock valued at $1,351,000 after acquiring an additional 41,068 shares during the last quarter. Hedge funds and other institutional investors own 54.28% of the company’s stock.

A number of equities research analysts recently weighed in on LIND shares. Zacks Investment Research cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Imperial Capital reissued an “outperform” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Lindblad Expeditions in a research note on Tuesday, August 6th. Deutsche Bank reissued a “hold” rating and issued a $15.00 price objective on shares of Lindblad Expeditions in a research note on Sunday, August 4th. BidaskClub cut Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Finally, TheStreet cut Lindblad Expeditions from a “b-” rating to a “c+” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.40.

About Lindblad Expeditions

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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