Lindblad Expeditions (NASDAQ:LIND) Hits New 12-Month High – What’s Next?

Shares of Lindblad Expeditions (NASDAQ:LIND) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $26.56 and last traded at $25.9790, with a volume of 1410609 shares trading hands. The stock had previously closed at $25.75.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Benchmark lifted their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Oppenheimer started coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average price target of $24.33.

Lindblad Expeditions Trading Up 0.9%

The stock has a 50-day simple moving average of $21.04 and a 200-day simple moving average of $18.35. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -47.72 and a beta of 2.26.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. As a group, research analysts expect that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, insider Trey Byus sold 26,460 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.23, for a total transaction of $535,285.80. Following the sale, the insider directly owned 111,530 shares in the company, valued at approximately $2,256,251.90. The trade was a 19.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John M. Fahey, Jr. sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $20.04, for a total transaction of $70,140.00. Following the completion of the sale, the director directly owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 88,602 shares of company stock valued at $1,966,009. Company insiders own 26.10% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

A number of institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its position in shares of Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after buying an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions in the fourth quarter valued at $57,000. Royal Bank of Canada lifted its holdings in shares of Lindblad Expeditions by 127.1% in the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after buying an additional 2,515 shares during the period. Finally, Assetmark Inc. boosted its stake in Lindblad Expeditions by 77.0% during the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after buying an additional 2,373 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions Company Profile

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.