Lindblad Expeditions (NASDAQ:LIND – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $17.84, but opened at $16.62. Lindblad Expeditions shares last traded at $20.1650, with a volume of 120,121 shares traded.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Benchmark lifted their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Stifel Nicolaus lifted their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Oppenheimer began coverage on Lindblad Expeditions in a report on Monday, March 16th. They set an “outperform” rating and a $25.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.25.
Read Our Latest Research Report on Lindblad Expeditions
Lindblad Expeditions Trading Up 14.7%
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. As a group, research analysts forecast that Lindblad Expeditions will post 0.06 EPS for the current year.
Insider Transactions at Lindblad Expeditions
In related news, Director Sven-Olof Lindblad sold 28,002 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $17.61, for a total value of $493,115.22. Following the completion of the sale, the director directly owned 10,783,962 shares of the company’s stock, valued at $189,905,570.82. The trade was a 0.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John M. Fahey, Jr. sold 7,768 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $17.66, for a total value of $137,182.88. Following the sale, the director directly owned 122,986 shares of the company’s stock, valued at $2,171,932.76. This represents a 5.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 314,159 shares of company stock valued at $5,627,756. 34.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Lindblad Expeditions
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Lindblad Expeditions by 1.3% during the 3rd 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 in the last quarter. Anchor Capital Management Company LLC increased its holdings in Lindblad Expeditions by 7.4% during the 3rd quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after purchasing an additional 131,203 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Lindblad Expeditions by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock worth $26,467,000 after purchasing an additional 46,955 shares in the last quarter. Black Diamond Financial LLC increased its holdings in Lindblad Expeditions by 13.6% during the 3rd quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after purchasing an additional 127,950 shares in the last quarter. Finally, Penn Capital Management Company LLC increased its holdings in Lindblad Expeditions by 1.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after purchasing an additional 16,418 shares in the last quarter. 75.94% of the stock is owned by institutional investors.
Lindblad Expeditions Company Profile
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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