Craig Hallum Issues Positive Forecast for Lindblad Expeditions (NASDAQ:LIND) Stock Price

Lindblad Expeditions (NASDAQ:LIND) had its target price hoisted by Craig Hallum from $12.00 to $16.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

LIND has been the topic of several other reports. B. Riley upped their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Stifel Nicolaus dropped their target price on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Price Performance

Shares of LIND opened at $13.86 on Wednesday. Lindblad Expeditions has a one year low of $5.95 and a one year high of $14.34. The company has a 50-day moving average of $9.90 and a two-hundred day moving average of $8.91. The stock has a market cap of $755.43 million, a price-to-earnings ratio of -18.48 and a beta of 3.02.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The business had revenue of $136.50 million for the quarter, compared to analysts’ expectations of $137.39 million. Analysts anticipate that Lindblad Expeditions will post -0.56 earnings per share for the current year.

Insider Buying and Selling

In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total value of $150,612.00. Following the transaction, the insider now owns 58,518 shares in the company, valued at $614,439. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the completion of the sale, the insider now directly owns 58,518 shares in the company, valued at $614,439. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sven-Olof Lindblad purchased 32,117 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the purchase, the chief executive officer now owns 11,825,063 shares in the company, valued at $94,009,250.85. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 34.30% of the stock is owned by corporate insiders.

Institutional Trading of Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Anchor Capital Management Company LLC raised its stake in shares of Lindblad Expeditions by 51.3% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after acquiring an additional 449,098 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $519,000. Dimensional Fund Advisors LP lifted its stake in shares of Lindblad Expeditions by 14.7% in the second quarter. Dimensional Fund Advisors LP now owns 164,320 shares of the company’s stock worth $1,586,000 after buying an additional 21,078 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Lindblad Expeditions by 71.1% during the 2nd quarter. Renaissance Technologies LLC now owns 39,700 shares of the company’s stock worth $383,000 after buying an additional 16,500 shares during the period. Finally, Vanguard Group Inc. grew its stake in Lindblad Expeditions by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock valued at $18,651,000 after buying an additional 31,921 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.