Lindblad Expeditions (NASDAQ:LIND) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities research analysts also recently issued research reports about the stock. Benchmark boosted their price objective on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a research report on Monday, June 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Finally, Texas Capital cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lindblad Expeditions has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Lindblad Expeditions Price Performance

LIND stock opened at $33.04 on Friday. The company has a market cap of $2.17 billion, a P/E ratio of -86.95 and a beta of 2.24. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $34.95. The stock’s fifty day moving average price is $26.93 and its 200-day moving average price is $21.71.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. The company had revenue of $199.25 million during the quarter, compared to analyst estimates of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. As a group, analysts expect that Lindblad Expeditions will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John M. Fahey, Jr. sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.26, for a total value of $40,520.00. Following the completion of the transaction, the director owned 112,486 shares of the company’s stock, valued at $2,278,966.36. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Trey Byus sold 10,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.05, for a total value of $200,500.00. Following the sale, the insider owned 101,530 shares of the company’s stock, valued at $2,035,676.50. This represents a 8.97% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 57,642 shares of company stock valued at $1,341,193. Company insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new stake in shares of Lindblad Expeditions during the first quarter valued at approximately $650,000. Pier Capital LLC boosted its position in shares of Lindblad Expeditions by 21.6% during the fourth quarter. Pier Capital LLC now owns 577,479 shares of the company’s stock worth $8,327,000 after acquiring an additional 102,770 shares during the last quarter. Calamos Advisors LLC purchased a new position in Lindblad Expeditions during the first quarter valued at $1,505,000. Militia Capital Management LLC purchased a new position in Lindblad Expeditions during the first quarter valued at $1,643,000. Finally, UBS Group AG increased its holdings in Lindblad Expeditions by 57.9% in the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock valued at $12,017,000 after acquiring an additional 305,704 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

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.