Lindblad Expeditions (NASDAQ:LIND) Shares Gap Up – What’s Next?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) shares gapped up prior to trading on Tuesday . The stock had previously closed at $9.35, but opened at $10.63. Lindblad Expeditions shares last traded at $10.86, with a volume of 292,847 shares changing hands.

Analysts Set New Price Targets

LIND has been the subject of several research reports. Stifel Nicolaus reduced their target price on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 9th. B. Riley boosted their price objective on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Lindblad Expeditions Price Performance

The company has a market cap of $632.82 million, a PE ratio of -10.29 and a beta of 3.02. The company’s fifty day moving average price is $9.69 and its 200 day moving average price is $8.76.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The business had revenue of $136.50 million during the quarter, compared to analysts’ expectations of $137.39 million. On average, analysts forecast that Lindblad Expeditions Holdings, Inc. will post -0.65 EPS for the current year.

Insiders Place Their Bets

In other Lindblad Expeditions news, CEO Sven-Olof Lindblad purchased 32,117 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the transaction, the chief executive officer now owns 11,825,063 shares in the company, valued at $94,009,250.85. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Noah Brodsky sold 14,344 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the transaction, the insider now owns 58,518 shares of the company’s stock, valued at approximately $614,439. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sven-Olof Lindblad bought 32,117 shares of the stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of $7.95 per share, with a total value of $255,330.15. Following the purchase, the chief executive officer now owns 11,825,063 shares in the company, valued at $94,009,250.85. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 34.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Anchor Capital Management Company LLC increased its stake in shares of Lindblad Expeditions by 51.3% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after acquiring an additional 449,098 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Lindblad Expeditions in the 2nd quarter worth about $519,000. Dimensional Fund Advisors LP lifted its stake in Lindblad Expeditions by 14.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 164,320 shares of the company’s stock valued at $1,586,000 after acquiring an additional 21,078 shares during the period. Renaissance Technologies LLC grew its stake in shares of Lindblad Expeditions by 71.1% in the second quarter. Renaissance Technologies LLC now owns 39,700 shares of the company’s stock worth $383,000 after acquiring an additional 16,500 shares during the period. Finally, Vanguard Group Inc. lifted its position in Lindblad Expeditions by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock valued at $18,651,000 after purchasing an additional 31,921 shares during the period. Institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

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.