Lindblad Expeditions (NASDAQ:LIND) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Lindblad Expeditions (NASDAQ:LIND – Get Rating) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the stock.

Lindblad Expeditions Stock Down 0.2 %

Shares of LIND stock opened at $8.62 on Friday. Lindblad Expeditions has a 12 month low of $5.91 and a 12 month high of $16.54. The business’s 50 day moving average is $10.46 and its two-hundred day moving average is $9.22. The company has a market cap of $458.50 million, a PE ratio of -3.83 and a beta of 2.35.

Lindblad Expeditions (NASDAQ:LIND – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.17). The business had revenue of $117.96 million during the quarter, compared to the consensus estimate of $93.51 million. As a group, equities analysts expect that Lindblad Expeditions will post -0.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Sven-Olof Lindblad sold 14,585 shares of the stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $12.09, for a total value of $176,332.65. Following the completion of the sale, the director now directly owns 11,681,249 shares of the company’s stock, valued at $141,226,300.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Several hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC bought a new position in Lindblad Expeditions in the third quarter worth $26,000. Point72 Middle East FZE bought a new position in Lindblad Expeditions in the fourth quarter worth $30,000. New England Capital Financial Advisors LLC bought a new position in Lindblad Expeditions in the fourth quarter worth $32,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Lindblad Expeditions by 28.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,017 shares of the company’s stock worth $62,000 after purchasing an additional 1,797 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Lindblad Expeditions in the third quarter worth $68,000. 67.62% of the stock is owned by institutional investors.

Lindblad Expeditions Company Profile

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Lindblad Expeditions Holdings, Inc engages in the provision of expedition cruising and travel services. It operates through the Lindblad and Natural Habitat segments. The Lindblad segment primarily includes sea-based expeditions. The Natural Habitat segment offers land-based, eco-conscious expeditions.