Lindblad Expeditions (NASDAQ:LIND) Lifted to “Hold” at StockNews.com

Lindblad Expeditions (NASDAQ:LIND) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, April 2nd.

Lindblad Expeditions Trading Up 0.5 %

Shares of NASDAQ LIND opened at $7.34 on Monday. Lindblad Expeditions has a 12-month low of $5.47 and a 12-month high of $12.13. The stock’s fifty day simple moving average is $8.37 and its two-hundred day simple moving average is $8.50. The stock has a market capitalization of $392.18 million, a PE ratio of -7.81 and a beta of 2.84.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Wednesday, February 28th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.23). The company had revenue of $125.36 million during the quarter, compared to the consensus estimate of $127.70 million. On average, equities analysts predict that Lindblad Expeditions will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, Director Alex P. Schultz bought 33,016 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were purchased at an average cost of $7.47 per share, for a total transaction of $246,629.52. Following the transaction, the director now directly owns 126,400 shares of the company’s stock, valued at $944,208. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 34.80% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

A number of institutional investors have recently modified their holdings of the business. Cacti Asset Management LLC boosted its holdings in Lindblad Expeditions by 3.8% in the 4th quarter. Cacti Asset Management LLC now owns 41,500 shares of the company’s stock worth $473,000 after buying an additional 1,500 shares during the last quarter. Swiss National Bank lifted its stake in Lindblad Expeditions by 2.1% in the 3rd quarter. Swiss National Bank now owns 76,141 shares of the company’s stock worth $548,000 after purchasing an additional 1,600 shares in the last quarter. Algert Global LLC lifted its stake in Lindblad Expeditions by 1.8% in the 3rd quarter. Algert Global LLC now owns 100,275 shares of the company’s stock worth $722,000 after purchasing an additional 1,760 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of Lindblad Expeditions by 7.7% during the 4th quarter. Natixis Advisors L.P. now owns 29,984 shares of the company’s stock valued at $337,000 after buying an additional 2,139 shares during the period. Finally, Trexquant Investment LP raised its position in shares of Lindblad Expeditions by 5.0% during the 3rd quarter. Trexquant Investment LP now owns 70,904 shares of the company’s stock valued at $511,000 after buying an additional 3,371 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.