Analysts Set Lindblad Expeditions Holdings Inc (NASDAQ:LIND) Target Price at $18.00

Lindblad Expeditions Holdings Inc (NASDAQ:LIND) has been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $18.00.

LIND has been the subject of several recent analyst reports. Sidoti lowered Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Tuesday, July 2nd. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $21.00 target price (up from $18.00) on shares of Lindblad Expeditions in a report on Friday, April 5th.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in LIND. Legal & General Group Plc boosted its holdings in shares of Lindblad Expeditions by 27.4% in the fourth quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock worth $57,000 after acquiring an additional 921 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Lindblad Expeditions by 18,404.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock worth $68,000 after acquiring an additional 4,417 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Lindblad Expeditions by 371.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,547 shares of the company’s stock worth $102,000 after acquiring an additional 5,945 shares during the period. Virtu Financial LLC bought a new position in shares of Lindblad Expeditions in the first quarter worth $178,000. Finally, grace capital bought a new position in shares of Lindblad Expeditions in the fourth quarter worth $188,000. 60.55% of the stock is owned by institutional investors and hedge funds.

Shares of LIND stock traded up $0.43 during trading on Thursday, hitting $18.36. The company’s stock had a trading volume of 221,000 shares, compared to its average volume of 198,244. The company has a market cap of $811.56 million, a P/E ratio of 76.50 and a beta of 0.16. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50. The business’s fifty day moving average is $17.12. Lindblad Expeditions has a 52 week low of $11.98 and a 52 week high of $18.49.

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

Lindblad Expeditions Company Profile

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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