Lindblad Expeditions (NASDAQ:LIND) Downgraded to “Hold” at BidaskClub

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Lindblad Expeditions (NASDAQ:LIND) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, BidAskClub reports.

A number of other research firms have also weighed in on LIND. Zacks Investment Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Imperial Capital reissued an “outperform” rating and set a $21.00 price objective (up previously from $18.00) on shares of Lindblad Expeditions in a research note on Friday, April 5th. TheStreet raised Lindblad Expeditions from a “c+” rating to a “b-” rating in a research note on Monday, March 11th. ValuEngine raised Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. Finally, Deutsche Bank set a $14.00 price objective on Lindblad Expeditions and gave the company a “hold” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $17.00.

Shares of NASDAQ LIND opened at $16.59 on Tuesday. Lindblad Expeditions has a one year low of $11.98 and a one year high of $17.28. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50. The company has a market cap of $752.93 million, a price-to-earnings ratio of 69.13 and a beta of 0.06.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. Lindblad Expeditions had a net margin of 4.80% and a return on equity of 12.72%. The business had revenue of $89.65 million for the quarter, compared to analysts’ expectations of $95.13 million. As a group, sell-side analysts predict that Lindblad Expeditions will post 0.51 EPS for the current fiscal year.

In other news, insider Benjamin Bressler sold 66,051 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $16.28, for a total transaction of $1,075,310.28. Following the completion of the sale, the insider now owns 86,900 shares of the company’s stock, valued at $1,414,732. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Trey Byus sold 52,400 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $15.76, for a total value of $825,824.00. Following the completion of the sale, the insider now directly owns 247,695 shares of the company’s stock, valued at approximately $3,903,673.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 239,625 shares of company stock valued at $3,863,833. Insiders own 51.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in LIND. Oppenheimer Asset Management Inc. purchased a new stake in Lindblad Expeditions in the fourth quarter worth $37,000. Legal & General Group Plc lifted its stake in Lindblad Expeditions by 27.4% in the fourth quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock worth $57,000 after acquiring an additional 921 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Lindblad Expeditions by 18,404.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock worth $68,000 after acquiring an additional 4,417 shares during the period. Strs Ohio purchased a new stake in Lindblad Expeditions in the fourth quarter worth $78,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in Lindblad Expeditions by 371.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,547 shares of the company’s stock worth $102,000 after acquiring an additional 5,945 shares during the period. 60.62% of the stock is owned by institutional investors.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

See Also: Systematic Risk and Investors

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