Lindblad Expeditions (NASDAQ:LIND) Sees Large Volume Increase

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) saw an uptick in trading volume on Tuesday . 331,623 shares were traded during trading, an increase of 15% from the previous session’s volume of 289,585 shares.The stock last traded at $10.37 and had previously closed at $10.51.

Analyst Ratings Changes

A number of equities analysts have commented on LIND shares. Stifel Nicolaus decreased their target price on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 9th. B. Riley raised their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Lindblad Expeditions Trading Down 0.3 %

The company has a market capitalization of $561.03 million, a P/E ratio of -10.20 and a beta of 3.03. The business’s 50-day simple moving average is $9.21 and its 200 day simple moving average is $8.52.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The business had revenue of $136.50 million for the quarter, compared to the consensus estimate of $137.39 million. As a group, sell-side analysts predict that Lindblad Expeditions Holdings, Inc. will post -0.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Noah Brodsky sold 14,344 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the sale, the insider now directly owns 58,518 shares in the company, valued at approximately $614,439. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the transaction, the insider now directly owns 58,518 shares of the company’s stock, valued at $614,439. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sven-Olof Lindblad bought 32,117 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the completion of the transaction, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at $94,009,250.85. The disclosure for this purchase can be found here. Insiders have acquired 72,203 shares of company stock worth $549,922 in the last ninety days. 34.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in Lindblad Expeditions during the second quarter valued at approximately $519,000. Algert Global LLC grew its position in Lindblad Expeditions by 24.4% during the second quarter. Algert Global LLC now owns 121,201 shares of the company’s stock valued at $1,170,000 after purchasing an additional 23,806 shares in the last quarter. Anchor Capital Management Company LLC grew its position in Lindblad Expeditions by 51.3% in the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after acquiring an additional 449,098 shares in the last quarter. Renaissance Technologies LLC grew its position in Lindblad Expeditions by 71.1% in the second quarter. Renaissance Technologies LLC now owns 39,700 shares of the company’s stock worth $383,000 after acquiring an additional 16,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Lindblad Expeditions by 14.7% in the second quarter. Dimensional Fund Advisors LP now owns 164,320 shares of the company’s stock worth $1,586,000 after acquiring an additional 21,078 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Lindblad Expeditions Company Profile

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.