BidaskClub downgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a sell rating to a strong sell rating in a research note published on Wednesday, January 31st.
Other research analysts have also issued research reports about the stock. TheStreet lowered shares of Lindblad Expeditions from a b- rating to a c rating in a research note on Wednesday, December 27th. Zacks Investment Research lowered shares of Lindblad Expeditions from a hold rating to a sell rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $11.25.
Lindblad Expeditions (NASDAQ:LIND) opened at $8.95 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.18 and a current ratio of 1.20. The company has a market cap of $406.63, a P/E ratio of 179.00 and a beta of 0.10. Lindblad Expeditions has a 52 week low of $8.38 and a 52 week high of $11.26.
In related news, Director John M. Fahey, Jr. purchased 3,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were acquired at an average price of $9.80 per share, for a total transaction of $29,400.00. Following the purchase, the director now owns 34,958 shares of the company’s stock, valued at approximately $342,588.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 50.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Trexquant Investment LP purchased a new stake in shares of Lindblad Expeditions in the 3rd quarter valued at $128,000. SG Americas Securities LLC purchased a new stake in shares of Lindblad Expeditions in the 3rd quarter valued at $164,000. Wells Fargo & Company MN boosted its holdings in shares of Lindblad Expeditions by 0.3% in the 2nd quarter. Wells Fargo & Company MN now owns 16,086 shares of the company’s stock valued at $169,000 after acquiring an additional 44 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Lindblad Expeditions in the 3rd quarter valued at $173,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Lindblad Expeditions by 39.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,088 shares of the company’s stock valued at $211,000 after acquiring an additional 5,694 shares during the last quarter. Institutional investors and hedge funds own 48.06% of the company’s stock.
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About Lindblad Expeditions
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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