Lindblad Expeditions (NASDAQ:LIND) Upgraded at StockNews.com

Lindblad Expeditions (NASDAQ:LIND) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Separately, Deutsche Bank Aktiengesellschaft reduced 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.

Lindblad Expeditions Price Performance

LIND stock traded up $0.01 during trading hours on Monday, reaching $7.30. The stock had a trading volume of 458,012 shares, compared to its average volume of 280,392. The stock has a market capitalization of $390.04 million, a PE ratio of -7.77 and a beta of 2.84. The stock has a 50-day simple moving average of $8.44 and a 200 day simple moving average of $8.49. Lindblad Expeditions has a fifty-two week low of $5.47 and a fifty-two week high of $12.13.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.23). The company had revenue of $125.36 million during the quarter, compared to analyst estimates of $127.70 million. On average, sell-side analysts forecast that Lindblad Expeditions will post -0.46 EPS for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In related news, Director Alex P. Schultz purchased 33,016 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were acquired at an average price of $7.47 per share, for a total transaction of $246,629.52. Following the completion of the acquisition, the director now directly owns 126,400 shares in the company, valued at approximately $944,208. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 34.80% of the company’s stock.

Institutional Trading of Lindblad Expeditions

Several large investors have recently added to or reduced their stakes in LIND. Cacti Asset Management LLC grew its stake in shares of Lindblad Expeditions by 3.8% in the 4th quarter. Cacti Asset Management LLC now owns 41,500 shares of the company’s stock worth $473,000 after buying an additional 1,500 shares in the last quarter. Swiss National Bank increased its position in shares of Lindblad Expeditions by 2.1% during the third quarter. Swiss National Bank now owns 76,141 shares of the company’s stock worth $548,000 after purchasing an additional 1,600 shares in the last quarter. Algert Global LLC raised its position in shares of Lindblad Expeditions by 1.8% in the 3rd quarter. Algert Global LLC now owns 100,275 shares of the company’s stock valued at $722,000 after purchasing an additional 1,760 shares during the last quarter. Natixis Advisors L.P. raised its holdings in shares of Lindblad Expeditions by 7.7% in the fourth quarter. Natixis Advisors L.P. now owns 29,984 shares of the company’s stock worth $337,000 after buying an additional 2,139 shares during the last quarter. Finally, Trexquant Investment LP lifted its position in Lindblad Expeditions by 5.0% during the 3rd quarter. Trexquant Investment LP now owns 70,904 shares of the company’s stock worth $511,000 after acquiring an additional 3,371 shares during the period. 75.94% of the stock is currently owned by institutional investors.

About Lindblad Expeditions

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.