A number of other analysts have also commented on LIND. Sidoti lowered Lindblad Expeditions from a buy rating to a neutral rating and set a $19.00 price target on the stock. in a report on Tuesday, July 2nd. Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a report on Tuesday, July 9th. Finally, Imperial Capital restated an outperform rating and issued a $21.00 price target (up from $18.00) on shares of Lindblad Expeditions in a report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Lindblad Expeditions presently has an average rating of Buy and an average price target of $18.00.
LIND stock opened at $17.93 on Friday. The business’s 50-day simple moving average is $17.12. 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 capitalization of $811.56 million, a price-to-earnings ratio of 74.71 and a beta of 0.16. Lindblad Expeditions has a 1-year low of $11.98 and a 1-year high of $18.49.
Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Thursday, May 2nd. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.08. The firm had revenue of $89.65 million for the quarter, compared to analyst estimates of $95.13 million. Lindblad Expeditions had a return on equity of 12.72% and a net margin of 4.80%. On average, sell-side analysts expect that Lindblad Expeditions will post 0.52 earnings per share for the current year.
In related news, insider Trey Byus sold 9,000 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $18.02, for a total transaction of $162,180.00. Following the sale, the insider now owns 108,395 shares in the company, valued at $1,953,277.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Benjamin Bressler sold 66,051 shares of the company’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 sale, the insider now owns 86,900 shares in the company, valued at approximately $1,414,732. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 279,151 shares of company stock worth $4,555,028. Corporate insiders own 51.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in Lindblad Expeditions by 27.4% during 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 in the last quarter. First Trust Advisors LP raised its holdings in Lindblad Expeditions by 2.4% during the first quarter. First Trust Advisors LP now owns 49,878 shares of the company’s stock worth $761,000 after acquiring an additional 1,157 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Lindblad Expeditions by 18,404.2% during 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 in the last quarter. Bank of New York Mellon Corp increased its position in Lindblad Expeditions by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 87,384 shares of the company’s stock worth $1,176,000 after buying an additional 4,484 shares during the last quarter. Finally, Scout Investments Inc. increased its position in Lindblad Expeditions by 2.8% during the first quarter. Scout Investments Inc. now owns 195,201 shares of the company’s stock worth $2,977,000 after buying an additional 5,238 shares during the last quarter. Institutional investors and hedge funds own 60.55% of the company’s stock.
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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