Lindblad Expeditions (NASDAQ:LIND) Shares Gap Down to $13.29

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $13.29, but opened at $12.98. Lindblad Expeditions shares last traded at $12.96, with a volume of 339 shares trading hands.

A number of brokerages have weighed in on LIND. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lindblad Expeditions in a research report on Monday, August 30th. Zacks Investment Research lowered Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Wednesday, August 25th. Finally, Craig Hallum raised Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Friday, July 23rd.

The company has a debt-to-equity ratio of 113.58, a current ratio of 0.99 and a quick ratio of 0.98. The company has a market cap of $657.34 million, a price-to-earnings ratio of -5.27 and a beta of 2.53. The business has a 50 day simple moving average of $13.92 and a 200 day simple moving average of $16.21.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Tuesday, August 3rd. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.11). Lindblad Expeditions had a negative net margin of 681.89% and a negative return on equity of 758.61%. The firm had revenue of $15.27 million for the quarter, compared to analyst estimates of $8.77 million. As a group, sell-side analysts anticipate that Lindblad Expeditions Holdings, Inc. will post -2.15 earnings per share for the current fiscal year.

In other news, Director L. Dyson Dryden sold 33,591 shares of the company’s stock in a transaction on Monday, June 21st. The stock was sold at an average price of $16.07, for a total transaction of $539,807.37. Following the transaction, the director now owns 1,147,300 shares of the company’s stock, valued at $18,437,111. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 60,430 shares of company stock worth $976,737 in the last ninety days. 39.20% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP lifted its stake in Lindblad Expeditions by 2.4% in the first quarter. First Trust Advisors LP now owns 49,878 shares of the company’s stock valued at $761,000 after buying an additional 1,157 shares during the period. Calamos Advisors LLC increased its holdings in shares of Lindblad Expeditions by 2.2% in the second quarter. Calamos Advisors LLC now owns 82,023 shares of the company’s stock worth $1,313,000 after acquiring an additional 1,782 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Lindblad Expeditions by 18.5% in the second quarter. JPMorgan Chase & Co. now owns 11,989 shares of the company’s stock worth $191,000 after acquiring an additional 1,868 shares in the last quarter. Swiss National Bank increased its holdings in shares of Lindblad Expeditions by 2.9% in the first quarter. Swiss National Bank now owns 68,441 shares of the company’s stock worth $1,294,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Lindblad Expeditions by 16.5% in the first quarter. Envestnet Asset Management Inc. now owns 13,553 shares of the company’s stock worth $256,000 after acquiring an additional 1,922 shares in the last quarter. 63.06% of the stock is currently owned by hedge funds and other institutional investors.

Lindblad Expeditions Company Profile (NASDAQ:LIND)

Lindblad Expeditions Holdings, Inc engages in the provision of expedition cruising and travel services. It operates through the Lindblad and Natural Habitat segments. The Lindblad segment primarily includes sea-based expeditions. The Natural Habitat segment offers land-based, eco-conscious expeditions.

Further Reading: What sectors are represented in the Nikkei Index?

Receive News & Ratings for Lindblad Expeditions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindblad Expeditions and related companies with MarketBeat.com's FREE daily email newsletter.