Shares of Lindblad Expeditions Holdings Inc (NASDAQ:LIND) have earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $18.00.
A number of research firms recently issued reports on LIND. Sidoti cut Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Tuesday, July 2nd. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Imperial Capital reissued an “outperform” rating and set a $21.00 price objective (up previously from $18.00) on shares of Lindblad Expeditions in a research report on Friday, April 5th.
LIND opened at $17.72 on Thursday. The firm has a market capitalization of $811.56 million, a PE ratio of 55.38 and a beta of 0.16. Lindblad Expeditions has a 1 year low of $11.98 and a 1 year high of $18.49. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50. The company’s fifty day moving average price is $17.04.
Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. The firm had revenue of $89.65 million during the quarter, compared to analysts’ expectations of $95.13 million. Lindblad Expeditions had a return on equity of 12.72% and a net margin of 4.80%. As a group, research analysts forecast that Lindblad Expeditions will post 0.52 earnings per share for the current year.
In other Lindblad Expeditions news, insider Trey Byus sold 9,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $18.02, for a total transaction of $162,180.00. Following the transaction, the insider now directly owns 108,395 shares in the company, valued at $1,953,277.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Benjamin Bressler sold 66,051 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $16.28, for a total value of $1,075,310.28. Following the transaction, the insider now owns 86,900 shares in the company, valued at $1,414,732. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,151 shares of company stock worth $4,555,028. Corporate insiders own 51.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of LIND. Legal & General Group Plc raised its holdings in Lindblad Expeditions by 27.4% during the fourth quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock valued at $57,000 after buying an additional 921 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Lindblad Expeditions by 18,404.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock worth $68,000 after purchasing an additional 4,417 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Lindblad Expeditions by 371.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,547 shares of the company’s stock worth $102,000 after purchasing an additional 5,945 shares during the period. Virtu Financial LLC bought a new position in shares of Lindblad Expeditions in the first quarter worth about $178,000. Finally, grace capital bought a new position in shares of Lindblad Expeditions in the fourth quarter worth about $188,000. Institutional investors own 60.60% of the company’s stock.
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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