Key Points
- Insider selling: Lindblad Expeditions insider Trey Byus sold 10,000 shares at $20.05 each, totaling about $200,500, and reduced his position by 8.97%. He also sold 26,460 shares earlier in the month at $20.23 per share.
- Stock performance and valuation: LIND rose 3.5% to open at $20.57, near its 52-week high of $22.34. The stock trades above both its 50-day and 200-day moving averages.
- Business results and analyst view: The company recently beat quarterly earnings expectations, reporting $0.09 EPS versus $0.01 expected and revenue of $208.01 million versus $197.24 million expected. Analysts currently rate the stock a Moderate Buy with a consensus price target of $24.33.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director John Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.26, for a total value of $40,520.00. Following the completion of the transaction, the director directly owned 112,486 shares in the company, valued at $2,278,966.36. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Lindblad Expeditions Price Performance
NASDAQ LIND opened at $20.57 on Friday. The firm has a market capitalization of $1.35 billion, a P/E ratio of -38.09 and a beta of 2.21. Lindblad Expeditions has a 1-year low of $9.85 and a 1-year high of $22.34. The business's 50-day simple moving average is $18.61 and its 200-day simple moving average is $16.60.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. On average, equities research analysts expect that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.
Hedge Funds Weigh In On Lindblad Expeditions
A number of institutional investors have recently made changes to their positions in the business. Graham Capital Management L.P. raised its position in shares of Lindblad Expeditions by 2.4% in the 4th quarter. Graham Capital Management L.P. now owns 24,763 shares of the company's stock valued at $357,000 after purchasing an additional 590 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Lindblad Expeditions by 0.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company's stock valued at $1,735,000 after purchasing an additional 958 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company's stock valued at $198,000 after purchasing an additional 1,037 shares in the last quarter. Deutsche Bank AG raised its position in shares of Lindblad Expeditions by 4.0% in the 4th quarter. Deutsche Bank AG now owns 29,521 shares of the company's stock valued at $426,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Aristides Capital LLC raised its position in shares of Lindblad Expeditions by 4.7% in the 4th quarter. Aristides Capital LLC now owns 26,180 shares of the company's stock valued at $378,000 after purchasing an additional 1,180 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently commented on LIND. Benchmark boosted their price target on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Wall Street Zen raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Saturday, May 9th. Oppenheimer began coverage on Lindblad Expeditions in a research report on Monday, March 16th. They set an "outperform" rating and a $25.00 price target on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Finally, Zacks Research lowered Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of "Moderate Buy" and an average price target of $24.33.
Check Out Our Latest Stock Report on LIND
About Lindblad Expeditions
(
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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