Key Points
- Director Jr. Thomas Smith sold 56,000 shares on March 9 at an average price of $17.57 for about $983,920, cutting his stake by 55.18% to 45,488 shares (valued ≈ $799,224).
- Lindblad missed quarterly EPS expectations, reporting ($0.45) EPS
- Analyst sentiment is mixed but leans positive with four Buys, one Hold and one Sell and an average price target of $21.33, alongside recent target upgrades from Stifel and Benchmark.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director John Fahey, Jr. sold 7,768 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $17.66, for a total transaction of $137,182.88. Following the transaction, the director owned 122,986 shares in the company, valued at $2,171,932.76. The trade was a 5.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Lindblad Expeditions Trading Down 2.4%
Shares of LIND traded down $0.43 during mid-day trading on Thursday, hitting $17.23. 57,088 shares of the company traded hands, compared to its average volume of 829,980. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -27.30 and a beta of 2.20. The business has a 50-day moving average of $17.81 and a 200 day moving average of $14.64. Lindblad Expeditions has a one year low of $7.45 and a one year high of $21.23.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.13). The company had revenue of $183.18 million for the quarter, compared to analysts' expectations of $167.66 million. As a group, analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current year.
Analyst Upgrades and Downgrades
LIND has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, January 12th. Citigroup began coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They set a "buy" rating for the company. Zacks Research downgraded shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Finally, Benchmark lifted their price target on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Lindblad Expeditions has a consensus rating of "Moderate Buy" and a consensus target price of $21.33.
Get Our Latest Analysis on LIND
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in Lindblad Expeditions by 495.8% in the third quarter. SG Americas Securities LLC now owns 81,089 shares of the company's stock valued at $1,038,000 after buying an additional 67,480 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Lindblad Expeditions by 8.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 578,809 shares of the company's stock worth $6,755,000 after buying an additional 46,284 shares during the period. Black Diamond Financial LLC increased its stake in shares of Lindblad Expeditions by 13.6% in the 3rd quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company's stock valued at $13,675,000 after acquiring an additional 127,950 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Lindblad Expeditions by 108.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company's stock valued at $6,920,000 after acquiring an additional 308,463 shares during the last quarter. Finally, Anchor Capital Management Company LLC raised its position in shares of Lindblad Expeditions by 8.2% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,779,903 shares of the company's stock valued at $20,771,000 after acquiring an additional 135,000 shares during the period. 75.94% of the stock is currently owned by institutional investors.
About Lindblad Expeditions
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Get Free Report)
Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world's most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica's rainforests and the waterways of Alaska, Patagonia and the Arctic.
Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.
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