BidaskClub upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a strong sell rating to a sell rating in a research report sent to investors on Thursday morning.
A number of other equities research analysts have also issued reports on LIND. Zacks Investment Research raised shares of Lindblad Expeditions from a sell rating to a hold rating in a report on Wednesday, January 3rd. TheStreet lowered shares of Lindblad Expeditions from a b- rating to a c rating in a report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $11.25.
Shares of Lindblad Expeditions (LIND) opened at $9.23 on Thursday. Lindblad Expeditions has a 1-year low of $8.38 and a 1-year high of $11.26. The stock has a market cap of $419.35, a price-to-earnings ratio of 184.60 and a beta of 0.10. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 1.31.
In other news, Director John M. Fahey, Jr. acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average price of $9.80 per share, with a total value of $29,400.00. Following the completion of the acquisition, the director now owns 34,958 shares of the company’s stock, valued at approximately $342,588.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 50.10% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Advisory Inc. grew its holdings in shares of Lindblad Expeditions by 4.8% in the third quarter. Brown Advisory Inc. now owns 1,431,526 shares of the company’s stock valued at $15,317,000 after purchasing an additional 66,130 shares during the period. Epoch Investment Partners Inc. lifted its position in Lindblad Expeditions by 27.3% in the third quarter. Epoch Investment Partners Inc. now owns 1,055,119 shares of the company’s stock valued at $11,290,000 after buying an additional 226,258 shares during the last quarter. BlackRock Inc. lifted its position in Lindblad Expeditions by 1.4% in the fourth quarter. BlackRock Inc. now owns 1,039,339 shares of the company’s stock valued at $10,176,000 after buying an additional 14,592 shares during the last quarter. Vanguard Group Inc. lifted its position in Lindblad Expeditions by 5.0% in the second quarter. Vanguard Group Inc. now owns 895,952 shares of the company’s stock valued at $9,408,000 after buying an additional 42,954 shares during the last quarter. Finally, State Street Corp lifted its position in Lindblad Expeditions by 12.9% in the second quarter. State Street Corp now owns 287,672 shares of the company’s stock valued at $3,019,000 after buying an additional 32,774 shares during the last quarter. 48.97% of the stock is owned by hedge funds and other institutional investors.
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Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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