BidaskClub Downgrades Lindblad Expeditions (NASDAQ:LIND) to Hold

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Lindblad Expeditions (NASDAQ:LIND) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

LIND has been the topic of a number of other reports. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Imperial Capital reissued an “outperform” rating and issued a $21.00 target price (up from $18.00) on shares of Lindblad Expeditions in a research note on Friday, April 5th. Finally, Sidoti lowered shares of Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $18.00.

LIND opened at $17.72 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.83 and a quick ratio of 0.82. The business has a 50 day simple moving average of $17.04. Lindblad Expeditions has a 1-year low of $11.98 and a 1-year high of $18.49. The stock has a market cap of $811.56 million, a price-to-earnings ratio of 55.38 and a beta of 0.16.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Thursday, May 2nd. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.08. Lindblad Expeditions had a net margin of 4.80% and a return on equity of 12.72%. The business had revenue of $89.65 million for the quarter, compared to analyst estimates of $95.13 million. On average, sell-side analysts forecast that Lindblad Expeditions will post 0.52 EPS for the current year.

In other news, insider Trey Byus sold 44,700 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $15.74, for a total transaction of $703,578.00. Following the sale, the insider now owns 247,695 shares of the company’s stock, valued at approximately $3,898,719.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Benjamin Bressler sold 66,051 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $16.28, for a total transaction of $1,075,310.28. Following the sale, the insider now directly owns 86,900 shares in the company, valued at approximately $1,414,732. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,151 shares of company stock worth $4,555,028. Corporate insiders own 51.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Scout Investments Inc. increased its stake in shares of Lindblad Expeditions by 63.7% during the second quarter. Scout Investments Inc. now owns 319,537 shares of the company’s stock worth $5,736,000 after acquiring an additional 124,336 shares during the period. First Trust Advisors LP increased its stake in shares of Lindblad Expeditions by 2.4% during the first quarter. First Trust Advisors LP now owns 49,878 shares of the company’s stock worth $761,000 after acquiring an additional 1,157 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Lindblad Expeditions during the first quarter worth about $6,707,000. Marshall Wace LLP increased its stake in shares of Lindblad Expeditions by 114.8% during the first quarter. Marshall Wace LLP now owns 133,642 shares of the company’s stock worth $2,038,000 after acquiring an additional 71,425 shares during the period. Finally, Granite Investment Partners LLC increased its stake in shares of Lindblad Expeditions by 82.3% during the first quarter. Granite Investment Partners LLC now owns 59,174 shares of the company’s stock worth $903,000 after acquiring an additional 26,721 shares during the period. 60.60% of the stock is currently owned by hedge funds and other institutional investors.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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