Lindblad Expeditions (NASDAQ:LIND) Shares Gap Up - Here's What Happened

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $9.35, but opened at $10.63. Lindblad Expeditions shares last traded at $10.86, with a volume of 292,847 shares.

Analyst Ratings Changes

Several equities analysts have weighed in on LIND shares. B. Riley lifted their price objective on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Stifel Nicolaus lowered their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.25.

Lindblad Expeditions Trading Up 25.2 %

The firm's fifty day moving average price is $9.69 and its 200 day moving average price is $8.76. The firm has a market capitalization of $636.08 million, a PE ratio of -11.31 and a beta of 3.02.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $136.50 million for the quarter, compared to analyst estimates of $137.39 million. As a group, research analysts expect that Lindblad Expeditions Holdings, Inc. will post -0.65 EPS for the current year.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Sven-Olof Lindblad acquired 32,117 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average price of $7.95 per share, with a total value of $255,330.15. Following the purchase, the chief executive officer now owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sven-Olof Lindblad bought 32,117 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $7.95 per share, with a total value of $255,330.15. Following the transaction, the chief executive officer now directly owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Noah Brodsky sold 14,344 shares of the business's stock in a transaction on Wednesday, August 28th. The stock was 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 34.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LIND. Ariel Investments LLC increased its stake in Lindblad Expeditions by 3.1% in the first quarter. Ariel Investments LLC now owns 8,877,212 shares of the company's stock valued at $82,824,000 after acquiring an additional 268,996 shares during the period. Vanguard Group Inc. increased its stake in Lindblad Expeditions by 1.6% in the first 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 period. Principal Financial Group Inc. increased its stake in Lindblad Expeditions by 1.6% in the third 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 during the period. Anchor Capital Management Company LLC increased its stake 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 valued at $12,788,000 after acquiring an additional 449,098 shares during the period. Finally, Pinnacle Associates Ltd. increased its stake in Lindblad Expeditions by 1.1% in the third quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company's stock valued at $5,569,000 after acquiring an additional 6,267 shares during the period. Institutional investors and hedge funds own 75.94% of the company's stock.

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.