A number of other research analysts have also recently commented on LIND. Imperial Capital reiterated an outperform rating and issued a $21.00 price target (up from $18.00) on shares of Lindblad Expeditions in a research note on Friday, April 5th. Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a report on Tuesday, July 9th. Finally, Sidoti downgraded Lindblad Expeditions from a buy rating to a neutral rating and set a $19.00 price objective for the company. in a report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Lindblad Expeditions currently has a consensus rating of Buy and a consensus target price of $18.00.
Shares of LIND opened at $17.93 on Friday. Lindblad Expeditions has a 52 week low of $11.98 and a 52 week high of $18.49. The company has a market cap of $811.56 million, a PE ratio of 74.71 and a beta of 0.16. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.50. The firm has a fifty day moving average price of $17.12.
Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.08. Lindblad Expeditions had a return on equity of 12.72% and a net margin of 4.80%. The company had revenue of $89.65 million during the quarter, compared to analysts’ expectations of $95.13 million. On average, research analysts anticipate that Lindblad Expeditions will post 0.52 earnings per share for the current fiscal year.
In other Lindblad Expeditions news, insider Trey Byus sold 44,700 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $15.74, for a total transaction of $703,578.00. Following the completion of the sale, the insider now directly owns 247,695 shares in the company, valued at approximately $3,898,719.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Benjamin Bressler sold 66,051 shares of the stock in a transaction dated 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 sale, the insider now owns 86,900 shares of the company’s stock, valued at $1,414,732. The disclosure for this sale can be found here. Insiders sold 279,151 shares of company stock valued at $4,555,028 over the last 90 days. 51.60% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the business. Legal & General Group Plc grew its holdings in Lindblad Expeditions by 27.4% during the 4th quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock worth $57,000 after acquiring an additional 921 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Lindblad Expeditions by 18,404.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock worth $68,000 after acquiring an additional 4,417 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in Lindblad Expeditions by 371.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,547 shares of the company’s stock worth $102,000 after acquiring an additional 5,945 shares during the period. Virtu Financial LLC acquired a new stake in Lindblad Expeditions during the 1st quarter worth about $178,000. Finally, grace capital acquired a new stake in Lindblad Expeditions during the 4th quarter worth about $188,000. Hedge funds and other institutional investors own 60.55% 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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