Lindblad Expeditions (NASDAQ:LIND) Reaches New 12-Month High Following Analyst Upgrade

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday after Craig Hallum raised their price target on the stock from $12.00 to $16.00. Craig Hallum currently has a buy rating on the stock. Lindblad Expeditions traded as high as $13.05 and last traded at $12.85, with a volume of 28822 shares traded. The stock had previously closed at $11.71.

A number of other research firms have also commented on LIND. B. Riley upped their price objective on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Stifel Nicolaus reduced their price target on shares of Lindblad Expeditions from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions presently has an average rating of "Moderate Buy" and an average target price of $14.25.

Insider Buying and Selling at Lindblad Expeditions

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 transaction of $150,612.00. Following the transaction, the insider now directly owns 58,518 shares of the company's stock, valued at approximately $614,439. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total value of $150,612.00. Following the transaction, the insider now owns 58,518 shares in the company, valued at $614,439. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sven-Olof Lindblad purchased 32,117 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of $7.95 per share, with a total value of $255,330.15. Following the completion of the purchase, the chief executive officer now directly owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 34.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ariel Investments LLC raised its holdings in Lindblad Expeditions by 3.1% during the first quarter. Ariel Investments LLC now owns 8,877,212 shares of the company's stock valued at $82,824,000 after buying an additional 268,996 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Lindblad Expeditions by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company's stock valued at $18,651,000 after acquiring an additional 31,921 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Lindblad Expeditions by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company's stock valued at $15,619,000 after acquiring an additional 26,647 shares in the last quarter. Anchor Capital Management Company LLC lifted its holdings in Lindblad Expeditions by 51.3% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company's stock worth $12,788,000 after purchasing an additional 449,098 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in Lindblad Expeditions by 1.1% during the third quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company's stock worth $5,569,000 after purchasing an additional 6,267 shares during the period. Institutional investors own 75.94% of the company's stock.

Lindblad Expeditions Stock Up 12.2 %

The stock has a market cap of $713.75 million, a P/E ratio of -11.37 and a beta of 3.02. The business has a 50-day simple moving average of $9.71 and a 200-day simple moving average of $8.79.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.24). The company had revenue of $136.50 million for the quarter, compared to analyst estimates of $137.39 million. On average, analysts predict that Lindblad Expeditions Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

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.