Lindblad Expeditions Holdings Inc (NASDAQ:LIND) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 409,100 shares, a drop of 9.5% from the September 30th total of 451,900 shares. Based on an average daily volume of 183,800 shares, the short-interest ratio is presently 2.2 days. Currently, 1.3% of the shares of the company are short sold.
LIND stock traded down $0.07 during trading on Friday, reaching $15.01. 132,800 shares of the stock were exchanged, compared to its average volume of 214,602. The firm’s 50 day moving average is $16.35 and its 200 day moving average is $17.25. Lindblad Expeditions has a twelve month low of $11.98 and a twelve month high of $19.29. The firm has a market cap of $748.63 million, a P/E ratio of 62.54 and a beta of 0.14. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.73.
Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Wednesday, October 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.24). Lindblad Expeditions had a net margin of 3.11% and a return on equity of 12.77%. The business had revenue of $100.98 million for the quarter, compared to analysts’ expectations of $104.55 million. As a group, analysts predict that Lindblad Expeditions will post 0.37 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Eagle Asset Management Inc. grew its position in shares of Lindblad Expeditions by 18.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 134,994 shares of the company’s stock valued at $2,262,000 after acquiring an additional 20,757 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Lindblad Expeditions by 645.0% in the second quarter. Wells Fargo & Company MN now owns 343,814 shares of the company’s stock valued at $6,171,000 after purchasing an additional 297,667 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Lindblad Expeditions by 36.4% in the second quarter. Renaissance Technologies LLC now owns 1,276,479 shares of the company’s stock valued at $22,913,000 after purchasing an additional 340,800 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Lindblad Expeditions by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,308,238 shares of the company’s stock valued at $23,482,000 after purchasing an additional 26,414 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $5,718,000. Hedge funds and other institutional investors own 54.28% of the company’s stock.
A number of equities analysts have commented on the company. Deutsche Bank restated a “hold” rating and set a $15.00 price objective on shares of Lindblad Expeditions in a research note on Sunday, August 4th. ValuEngine downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet downgraded Lindblad Expeditions from a “b-” rating to a “c+” rating in a research note on Monday, September 30th. Imperial Capital reissued an “outperform” rating and issued a $22.00 price objective (up from $21.00) on shares of Lindblad Expeditions in a research note on Tuesday, August 6th. Finally, Zacks Investment Research downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Lindblad Expeditions has an average rating of “Hold” and a consensus target price of $18.40.
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.
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