Stifel Nicolaus Trims Lindblad Expeditions (NASDAQ:LIND) Target Price to $16.00

Lindblad Expeditions (NASDAQ:LIND) had its price target decreased by Stifel Nicolaus from $17.00 to $16.00 in a research report issued to clients and investors on Friday, FlyOnTheWall reports. Stifel Nicolaus’ price objective points to a potential upside of 91.16% from the company’s current price.

Separately, StockNews.com started coverage on shares of Lindblad Expeditions in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $8.37 on Friday. The company has a market cap of $446.37 million, a PE ratio of -6.44 and a beta of 2.43. Lindblad Expeditions has a 52 week low of $5.91 and a 52 week high of $12.46. The firm has a 50 day simple moving average of $9.89 and a 200 day simple moving average of $9.93.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.12). The company had revenue of $124.80 million for the quarter, compared to analyst estimates of $112.30 million. On average, equities analysts predict that Lindblad Expeditions will post -0.67 earnings per share for the current year.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 15,265 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $12.05, for a total value of $183,943.25. Following the completion of the sale, the director now owns 11,858,293 shares in the company, valued at approximately $142,892,430.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 34.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ariel Investments LLC increased its stake in shares of Lindblad Expeditions by 0.6% during the 2nd quarter. Ariel Investments LLC now owns 7,476,765 shares of the company’s stock worth $81,347,000 after purchasing an additional 46,012 shares during the last quarter. Select Equity Group L.P. increased its stake in shares of Lindblad Expeditions by 3.1% during the 1st quarter. Select Equity Group L.P. now owns 2,503,015 shares of the company’s stock worth $37,745,000 after purchasing an additional 75,870 shares during the last quarter. BlackRock Inc. increased its stake in shares of Lindblad Expeditions by 7.0% during the 2nd quarter. BlackRock Inc. now owns 2,479,619 shares of the company’s stock worth $26,978,000 after purchasing an additional 161,151 shares during the last quarter. Aperture Investors LLC increased its stake in shares of Lindblad Expeditions by 19.7% during the 1st quarter. Aperture Investors LLC now owns 1,991,356 shares of the company’s stock worth $19,037,000 after purchasing an additional 327,939 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Lindblad Expeditions by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,720,804 shares of the company’s stock worth $11,633,000 after purchasing an additional 114,706 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

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.