Lindblad Expeditions (NASDAQ:LIND) Trading 4% Higher

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) shot up 4% on Tuesday . The company traded as high as $9.58 and last traded at $9.58. 196,152 shares traded hands during trading, a decline of 32% from the average session volume of 290,100 shares. The stock had previously closed at $9.21.

Analysts Set New Price Targets

A number of research firms recently weighed in on LIND. StockNews.com raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, April 2nd. Finally, Craig Hallum decreased their price target on Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and an average price target of $12.50.

Lindblad Expeditions Price Performance

The company has a market cap of $506.93 million, a P/E ratio of -8.94 and a beta of 3.01. The company has a 50 day moving average of $7.74 and a 200-day moving average of $8.68.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $153.61 million during the quarter, compared to the consensus estimate of $150.24 million. Research analysts anticipate that Lindblad Expeditions Holdings, Inc. will post -0.44 EPS for the current year.

Insider Buying and Selling at Lindblad Expeditions

In other news, Director Alex P. Schultz purchased 25,294 shares of the stock in a transaction on Monday, May 20th. The shares were acquired at an average price of $7.69 per share, for a total transaction of $194,510.86. Following the completion of the transaction, the director now directly owns 151,694 shares of the company’s stock, valued at approximately $1,166,526.86. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Alex P. Schultz acquired 15,953 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were purchased at an average price of $7.48 per share, for a total transaction of $119,328.44. Following the completion of the acquisition, the director now owns 176,198 shares in the company, valued at $1,317,961.04. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Alex P. Schultz acquired 25,294 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $7.69 per share, for a total transaction of $194,510.86. Following the acquisition, the director now owns 151,694 shares of the company’s stock, valued at approximately $1,166,526.86. The disclosure for this purchase can be found here. Insiders have bought 76,763 shares of company stock worth $579,719 over the last 90 days. Corporate insiders own 34.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LIND. Stifel Financial Corp grew its stake in shares of Lindblad Expeditions by 18.4% in the third quarter. Stifel Financial Corp now owns 309,471 shares of the company’s stock worth $2,228,000 after purchasing an additional 48,155 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Lindblad Expeditions in the fourth quarter worth about $204,000. Quest Partners LLC bought a new stake in shares of Lindblad Expeditions in the fourth quarter worth about $200,000. Trexquant Investment LP grew its stake in shares of Lindblad Expeditions by 5.0% in the third quarter. Trexquant Investment LP now owns 70,904 shares of the company’s stock worth $511,000 after purchasing an additional 3,371 shares during the last quarter. Finally, Hedges Asset Management LLC grew its stake in shares of Lindblad Expeditions by 10.8% in the fourth quarter. Hedges Asset Management LLC now owns 132,800 shares of the company’s stock worth $1,497,000 after purchasing an additional 12,900 shares during the last quarter. Hedge funds and other institutional investors 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.