Lindblad Expeditions (NASDAQ:LIND – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.
A number of other equities analysts have also issued reports on LIND. Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a research report on Tuesday, August 4th. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a report on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Finally, Benchmark raised their price objective on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.83.
Read Our Latest Report on Lindblad Expeditions
Lindblad Expeditions Price Performance
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last announced 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 business had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. As a group, equities analysts expect that Lindblad Expeditions will post 0.17 earnings per share for the current year.
Insider Activity at Lindblad Expeditions
In other news, Director Michael Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the transaction, the director owned 25,872 shares in the company, valued at approximately $626,361.12. This trade represents a 63.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 26.10% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of LIND. Tidal Investments LLC bought a new position in Lindblad Expeditions during the 2nd quarter valued at $268,000. Integrated Wealth Concepts LLC acquired a new position in shares of Lindblad Expeditions in the 2nd quarter valued at $25,000. Allworth Financial LP increased its stake in Lindblad Expeditions by 168.8% in the 2nd quarter. Allworth Financial LP now owns 1,363 shares of the company’s stock worth $38,000 after purchasing an additional 856 shares in the last quarter. Arizona State Retirement System increased its stake in Lindblad Expeditions by 26.8% in the 2nd quarter. Arizona State Retirement System now owns 13,504 shares of the company’s stock worth $381,000 after purchasing an additional 2,852 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Lindblad Expeditions during the 2nd quarter worth about $1,268,000. Institutional investors own 75.94% of the company’s stock.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.
The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.
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