BidaskClub Lowers Lindblad Expeditions (LIND) to Buy

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Lindblad Expeditions (NASDAQ:LIND) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research analysts also recently commented on LIND. Zacks Investment Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 5th. Imperial Capital increased their price target on Lindblad Expeditions from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, August 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Lindblad Expeditions currently has a consensus rating of “Buy” and an average target price of $13.25.

Shares of LIND opened at $14.66 on Friday. The stock has a market capitalization of $702.83 million, a P/E ratio of 162.89 and a beta of -0.16. Lindblad Expeditions has a one year low of $8.66 and a one year high of $15.88. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 1.65.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $69.47 million during the quarter, compared to the consensus estimate of $66.90 million. Lindblad Expeditions had a return on equity of 14.76% and a net margin of 1.40%. research analysts anticipate that Lindblad Expeditions will post 0.22 EPS for the current year.

In related news, insider Trey Byus sold 25,750 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $13.87, for a total value of $357,152.50. Following the completion of the transaction, the insider now owns 450,857 shares of the company’s stock, valued at $6,253,386.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 155,750 shares of company stock valued at $2,234,053 in the last three months. 51.60% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in Lindblad Expeditions by 27.1% during the 2nd quarter. Rhumbline Advisers now owns 19,477 shares of the company’s stock worth $258,000 after buying an additional 4,155 shares during the last quarter. Swiss National Bank lifted its holdings in Lindblad Expeditions by 13.8% during the 1st quarter. Swiss National Bank now owns 38,641 shares of the company’s stock worth $397,000 after buying an additional 4,700 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Lindblad Expeditions by 19.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 45,200 shares of the company’s stock worth $599,000 after buying an additional 7,500 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in Lindblad Expeditions during the 2nd quarter worth approximately $100,000. Finally, Citadel Advisors LLC lifted its holdings in Lindblad Expeditions by 12.6% during the 1st quarter. Citadel Advisors LLC now owns 68,341 shares of the company’s stock worth $701,000 after buying an additional 7,662 shares during the last quarter. 54.30% of the stock is currently owned by institutional investors.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and 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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