Lindblad Expeditions (NASDAQ:LIND) Lifted to Buy at BidaskClub

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BidaskClub upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a buy rating in a research note published on Saturday, BidAskClub reports.

Several other equities research analysts have also weighed in on LIND. Imperial Capital reissued an outperform rating and issued a $21.00 price objective (up previously from $18.00) on shares of Lindblad Expeditions in a report on Friday, April 5th. Sidoti lowered Lindblad Expeditions from a buy rating to a neutral rating and set a $19.00 price objective for the company. in a report on Tuesday, July 2nd. Zacks Investment Research raised Lindblad Expeditions from a hold rating to a buy rating and set a $19.00 price objective for the company in a report on Tuesday, July 9th. Finally, ValuEngine downgraded Lindblad Expeditions from a strong-buy rating to a buy rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $18.20.

Shares of LIND opened at $18.30 on Friday. The business has a 50-day moving average price of $17.91. Lindblad Expeditions has a fifty-two week low of $11.98 and a fifty-two week high of $19.20. The stock has a market cap of $865.60 million, a price-to-earnings ratio of 76.25 and a beta of 0.16. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). Lindblad Expeditions had a return on equity of 13.22% and a net margin of 4.96%. The firm had revenue of $76.66 million during the quarter, compared to analysts’ expectations of $79.58 million. As a group, sell-side analysts predict that Lindblad Expeditions will post 0.52 EPS for the current year.

In other Lindblad Expeditions news, insider Trey Byus sold 6,900 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $16.52, for a total value of $113,988.00. Following the completion of the transaction, the insider now owns 168,495 shares in the company, valued at approximately $2,783,537.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Benjamin Bressler sold 66,051 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $16.28, for a total value of $1,075,310.28. Following the completion of the transaction, the insider now owns 86,900 shares of the company’s stock, valued at approximately $1,414,732. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,051 shares of company stock valued at $2,508,852. 50.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System purchased a new stake in Lindblad Expeditions in the second quarter worth about $398,000. Eagle Asset Management Inc. purchased a new stake in Lindblad Expeditions in the second quarter worth about $2,050,000. Swiss National Bank increased its position in Lindblad Expeditions by 5.2% in the second quarter. Swiss National Bank now owns 46,841 shares of the company’s stock worth $841,000 after buying an additional 2,300 shares in the last quarter. Aperio Group LLC purchased a new stake in Lindblad Expeditions in the second quarter worth about $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Lindblad Expeditions by 72.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,238 shares of the company’s stock worth $40,000 after buying an additional 940 shares in the last quarter. Institutional investors and hedge funds own 60.39% of the company’s stock.

Lindblad Expeditions Company Profile

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: Preferred Stock

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