Lindblad Expeditions (NASDAQ:LIND – Get Free Report) shares dropped 4.8% during mid-day trading on Monday . The company traded as low as $28.15 and last traded at $28.1630. Approximately 86,793 shares were traded during trading, a decline of 89% from the average daily volume of 813,089 shares. The stock had previously closed at $29.59.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on LIND shares. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a research note on Monday, June 29th. Finally, Benchmark increased their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.20.
View Our Latest Stock Report on Lindblad Expeditions
Lindblad Expeditions Stock Performance
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last released its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%.The firm had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. As a group, research analysts expect that Lindblad Expeditions will post 0.17 EPS for the current fiscal year.
Insider Activity
In related news, Director Michael Elliott Bisnow sold 44,642 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the transaction, the director directly owned 25,872 shares in the company, valued at approximately $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 26.10% of the company’s stock.
Hedge Funds Weigh In On Lindblad Expeditions
Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Lindblad Expeditions during the 2nd quarter worth approximately $122,583,000. Vanguard Group Inc. boosted its holdings in Lindblad Expeditions by 1.3% during the third quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock worth $29,853,000 after purchasing an additional 29,642 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Lindblad Expeditions by 4,129.5% during the second quarter. California State Teachers Retirement System now owns 1,553,991 shares of the company’s stock worth $43,885,000 after purchasing an additional 1,517,249 shares during the last quarter. Principal Financial Group Inc. grew its position in Lindblad Expeditions by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after purchasing an additional 46,955 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after purchasing an additional 393,359 shares in the last quarter. 75.94% of the stock is owned by institutional investors.
About Lindblad Expeditions
Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.
Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.
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