Lindblad Expeditions (NASDAQ:LIND) Shares Up 4.8% – Should You Buy?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s share price was up 4.8% during trading on Wednesday . The company traded as high as $9.76 and last traded at $9.73. Approximately 89,709 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 290,982 shares. The stock had previously closed at $9.28.

Analysts Set New Price Targets

LIND has been the topic of a number of recent analyst reports. B. Riley raised their price target on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Stifel Nicolaus reduced their price target on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions currently has an average rating of “Moderate Buy” and a consensus target price of $13.25.

Lindblad Expeditions Stock Up 4.6 %

The company has a fifty day simple moving average of $9.06 and a 200 day simple moving average of $8.58. The firm has a market capitalization of $519.81 million, a P/E ratio of -9.52 and a beta of 3.03.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $136.50 million for the quarter, compared to the consensus estimate of $137.39 million. As a group, equities analysts expect that Lindblad Expeditions Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lindblad Expeditions news, Director Alex P. Schultz purchased 15,278 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $7.17 per share, with a total value of $109,543.26. Following the completion of the purchase, the director now directly owns 232,301 shares in the company, valued at $1,665,598.17. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Noah Brodsky sold 14,344 shares of the stock in a transaction 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 owns 58,518 shares of the company’s stock, valued at approximately $614,439. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alex P. Schultz acquired 15,278 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $7.17 per share, with a total value of $109,543.26. Following the acquisition, the director now owns 232,301 shares in the company, valued at $1,665,598.17. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 72,203 shares of company stock valued at $549,922. 34.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD purchased a new stake in Lindblad Expeditions during the 1st quarter valued at about $95,000. Arizona State Retirement System acquired a new stake in shares of Lindblad Expeditions during the second quarter worth about $101,000. SG Americas Securities LLC purchased a new stake in Lindblad Expeditions in the third quarter valued at approximately $139,000. EntryPoint Capital LLC acquired a new position in Lindblad Expeditions in the 1st quarter worth approximately $176,000. Finally, Virtu Financial LLC purchased a new position in Lindblad Expeditions during the 4th quarter worth approximately $204,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.