BidaskClub Downgrades Lindblad Expeditions (NASDAQ:LIND) to Hold

Lindblad Expeditions (NASDAQ:LIND) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

LIND has been the subject of a number of other research reports. Sidoti lowered Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Tuesday, July 2nd. Imperial Capital restated an “outperform” rating and set a $21.00 target price (up previously from $18.00) on shares of Lindblad Expeditions in a report on Friday, April 5th. Finally, Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $18.00.

Lindblad Expeditions stock opened at $17.72 on Friday. The business’s fifty day moving average is $17.04. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market capitalization of $811.56 million, a price-to-earnings ratio of 55.38 and a beta of 0.16. Lindblad Expeditions has a twelve month low of $11.98 and a twelve month high of $18.49.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Thursday, May 2nd. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The company had revenue of $89.65 million during the quarter, compared to analyst estimates of $95.13 million. Lindblad Expeditions had a return on equity of 12.72% and a net margin of 4.80%. Research analysts anticipate that Lindblad Expeditions will post 0.52 earnings per share for the current year.

In related news, insider Benjamin Bressler sold 66,051 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $16.28, for a total value of $1,075,310.28. Following the transaction, the insider now directly owns 86,900 shares of the company’s stock, valued at approximately $1,414,732. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Trey Byus sold 2,367 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $16.29, for a total value of $38,558.43. Following the completion of the transaction, the insider now directly owns 209,195 shares in the company, valued at $3,407,786.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 279,151 shares of company stock valued at $4,555,028. Company insiders own 51.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. increased its position in shares of Lindblad Expeditions by 36.0% in the 4th quarter. ValueAct Holdings L.P. now owns 2,300,572 shares of the company’s stock valued at $30,966,000 after acquiring an additional 609,272 shares during the period. Citigroup Inc. increased its position in shares of Lindblad Expeditions by 28,380.2% in the 1st quarter. Citigroup Inc. now owns 1,663,245 shares of the company’s stock valued at $25,364,000 after acquiring an additional 1,657,405 shares during the period. BlackRock Inc. increased its position in shares of Lindblad Expeditions by 9.7% in the 4th quarter. BlackRock Inc. now owns 1,502,044 shares of the company’s stock valued at $20,217,000 after acquiring an additional 132,902 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Lindblad Expeditions by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 831,744 shares of the company’s stock valued at $11,195,000 after acquiring an additional 63,296 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in shares of Lindblad Expeditions in the 1st quarter valued at $6,707,000. 60.60% of the stock is currently owned by hedge funds and other institutional investors.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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