Lindblad Expeditions (NASDAQ:LIND) Stock Rating Lowered by Zacks Research

Lindblad Expeditions (NASDAQ:LIND) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks reports.

Several other brokerages have also issued reports on LIND. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. Stifel Nicolaus set a $43.00 price objective on shares of Lindblad Expeditions in a report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $30.00 target price on shares of Lindblad Expeditions in a research report on Thursday, September 17th. Jefferies Financial Group increased their price target on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lindblad Expeditions presently has a consensus rating of “Hold” and a consensus target price of $32.50.

Lindblad Expeditions Price Performance

Shares of Lindblad Expeditions stock traded up $2.41 during midday trading on Thursday, hitting $33.98. The company had a trading volume of 908,137 shares, compared to its average volume of 845,472. The stock has a market cap of $2.23 billion, a PE ratio of -1,699.00 and a beta of 2.27. The business’s 50 day simple moving average is $31.53 and its two-hundred day simple moving average is $24.85. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $38.85.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $269.15 million during the quarter, compared to analyst estimates of $263.54 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. On average, sell-side analysts expect that Lindblad Expeditions will post 0.17 EPS for the current fiscal year.

Insider Activity

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $36.23, for a total transaction of $3,531,338.10. Following the completion of the transaction, the director directly owned 10,351,502 shares of the company’s stock, valued at approximately $375,034,917.46. This trade represents a 0.93% 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 link. Insiders sold 750,000 shares of company stock worth $26,532,349 over the last three months. 26.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

A number of hedge funds have recently made changes to their positions in LIND. Integrated Wealth Concepts LLC acquired a new position in Lindblad Expeditions in the second quarter valued at about $25,000. GAMMA Investing LLC increased its holdings in shares of Lindblad Expeditions by 35.3% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock worth $39,000 after buying an additional 326 shares in the last quarter. Allworth Financial LP bought a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $38,000. Sterling Capital Management LLC raised its stake in shares of Lindblad Expeditions by 846.0% in the third quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock valued at $52,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Silvant Capital Management LLC bought a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $58,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.