Lindblad Expeditions (NASDAQ:LIND) Rating Increased to Hold at StockNews.com

Lindblad Expeditions (NASDAQ:LIND) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, April 2nd.

Lindblad Expeditions Stock Up 0.5 %

Lindblad Expeditions stock opened at $7.34 on Monday. The stock has a 50-day simple moving average of $8.37 and a 200 day simple moving average of $8.50. Lindblad Expeditions has a 12-month low of $5.47 and a 12-month high of $12.13. The stock has a market capitalization of $392.18 million, a price-to-earnings ratio of -7.81 and a beta of 2.84.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.23). The company had revenue of $125.36 million during the quarter, compared to analyst estimates of $127.70 million. As a group, sell-side analysts anticipate that Lindblad Expeditions will post -0.46 EPS for the current year.

Insider Activity

In related news, Director Alex P. Schultz purchased 33,016 shares of the stock in a transaction dated Friday, April 19th. The stock was bought at an average cost of $7.47 per share, with a total value of $246,629.52. Following the purchase, the director now directly owns 126,400 shares in the company, valued at approximately $944,208. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 34.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in Lindblad Expeditions during the 3rd quarter worth approximately $108,000. Hedges Asset Management LLC boosted its holdings in shares of Lindblad Expeditions by 52.4% in the 3rd quarter. Hedges Asset Management LLC now owns 119,900 shares of the company’s stock valued at $863,000 after buying an additional 41,200 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Lindblad Expeditions by 50.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 24,886 shares of the company’s stock valued at $179,000 after buying an additional 8,347 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Lindblad Expeditions by 2.1% in the 3rd quarter. Swiss National Bank now owns 76,141 shares of the company’s stock valued at $548,000 after buying an additional 1,600 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Lindblad Expeditions in the 3rd quarter valued at approximately $72,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.