Lindblad Expeditions (NASDAQ:LIND) Price Target Raised to $15.00

Lindblad Expeditions (NASDAQ:LIND) had its price objective hoisted by B. Riley from $13.00 to $15.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on LIND. StockNews.com raised shares of Lindblad Expeditions from a sell rating to a hold rating in a report on Monday, April 29th. Craig Hallum dropped their price objective on shares of Lindblad Expeditions from $15.00 to $12.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lindblad Expeditions from $11.00 to $10.00 and set a hold rating on the stock in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lindblad Expeditions presently has a consensus rating of Moderate Buy and an average target price of $13.25.

Lindblad Expeditions Trading Down 0.8 %

NASDAQ LIND opened at $10.64 on Wednesday. The firm’s fifty day simple moving average is $8.46 and its two-hundred day simple moving average is $8.60. Lindblad Expeditions has a 12-month low of $5.47 and a 12-month high of $12.13. The firm has a market capitalization of $569.56 million, a P/E ratio of -10.33 and a beta of 3.01.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results 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 business had revenue of $153.61 million for the quarter, compared to analyst estimates of $150.24 million. As a group, sell-side analysts predict that Lindblad Expeditions will post -0.44 earnings per share for the current fiscal year.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, Director Alex P. Schultz bought 25,294 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average cost 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Lindblad Expeditions news, Director Alex P. Schultz bought 25,294 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average cost 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alex P. Schultz bought 15,953 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average price of $7.48 per share, with a total value of $119,328.44. Following the completion of the transaction, the director now directly owns 176,198 shares of the company’s stock, valued at $1,317,961.04. The disclosure for this purchase can be found here. Insiders acquired 43,747 shares of company stock worth $333,089 over the last three months. Company insiders own 34.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LIND. Anchor Capital Management Company LLC raised its position in shares of Lindblad Expeditions by 127.1% in the first quarter. Anchor Capital Management Company LLC now owns 876,070 shares of the company’s stock worth $8,174,000 after acquiring an additional 490,370 shares during the period. Ariel Investments LLC raised its position in shares of Lindblad Expeditions by 3.1% in the first quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock worth $82,824,000 after acquiring an additional 268,996 shares during the period. Hedges Asset Management LLC raised its position in shares of Lindblad Expeditions by 24.9% in the second quarter. Hedges Asset Management LLC now owns 195,500 shares of the company’s stock worth $1,887,000 after acquiring an additional 39,000 shares during the period. GSA Capital Partners LLP raised its position in shares of Lindblad Expeditions by 241.9% in the first quarter. GSA Capital Partners LLP now owns 48,925 shares of the company’s stock worth $456,000 after acquiring an additional 34,614 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Lindblad Expeditions by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock worth $18,651,000 after acquiring an additional 31,921 shares during the period. 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.