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

Lindblad Expeditions (NASDAQ:LIND) shares reached a new 52-week high on Monday . The company traded as high as $24.82 and last traded at $24.1150, with a volume of 34367 shares traded. The stock had previously closed at $23.45.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Oppenheimer assumed coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target for the company. Benchmark upped their price target on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.33.

Lindblad Expeditions Price Performance

The stock’s 50-day moving average is $20.33 and its two-hundred day moving average is $17.88. The stock has a market cap of $1.57 billion, a P/E ratio of -44.26 and a beta of 2.26.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $208.01 million for the quarter, compared to the consensus estimate of $197.24 million. On average, analysts anticipate that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John M. Fahey, Jr. sold 3,500 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $20.04, for a total transaction of $70,140.00. Following the completion of the transaction, the director owned 119,486 shares in the company, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Trey Byus sold 26,460 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $20.23, for a total transaction of $535,285.80. Following the transaction, the insider owned 111,530 shares of the company’s stock, valued at approximately $2,256,251.90. This represents a 19.18% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 43,960 shares of company stock valued at $885,226. 26.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds have recently bought and sold shares of the business. Pier Capital LLC purchased a new stake in Lindblad Expeditions during the third quarter valued at $6,076,000. SG Americas Securities LLC raised its stake in Lindblad Expeditions by 112.4% during the fourth quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock valued at $2,484,000 after purchasing an additional 91,176 shares in the last quarter. Anchor Capital Management Company LLC raised its stake in Lindblad Expeditions by 7.4% during the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after purchasing an additional 131,203 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in Lindblad Expeditions by 4.5% during the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after purchasing an additional 41,750 shares in the last quarter. Finally, UBS Group AG raised its stake in Lindblad Expeditions by 57.9% during the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock valued at $12,017,000 after purchasing an additional 305,704 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

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.