Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Receives Medium Analyst Recommendation of “Hold”
Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) have been given a consensus rating of “Hold” by the six brokerages that currently cover the stock, Marketbeat.com reports. One equity research analyst rated the stock with a sell recommendation, three issued a hold recommendation and one issued a buy recommendation on the company. The average 1-year price target among brokers who have hedged the stock over the past year is $17.00.
Several research companies have published reports on LIND. William Blair began coverage of Lindblad expeditions in a research report on Thursday, December 9. They set a “market performance” rating on the stock. StockNews.com upgraded Lindblad Expeditions to a “sell” rating in a research report on Tuesday. Finally, Zacks Investment Research downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a Wednesday, January 12 research report.
LIND Stock traded at $0.87 during midday trading on Tuesday, reaching $17.77. The company’s stock had a trading volume of 379,010 shares, compared to an average trading volume of 246,131. The stock has a market capitalization of $892.05 million, a PE ratio of -7.22 and a beta of 2.27. Lindblad Expeditions has a 1-year minimum of $11.31 and a 1-year maximum of $21.91. The company’s 50-day moving average is $16.65.
In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 25,184 shares of the company in a transaction on Monday, December 27. The stock was sold at an average price of $17.22, for a total transaction of $433,668.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Also, CFO Craig Felenstein sold 5,430 shares of the company in a trade on Tuesday, December 28. The shares were sold at an average price of $17.50, for a total value of $95,025.00. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 84,074 shares of the company worth $1,484,557. Insiders hold 39.20% of the shares of the company.
Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. Next Century Growth Investors LLC increased its position in Lindblad Expeditions by 50.9% during the second quarter. Next Century Growth Investors LLC now owns 810,313 shares of the company valued at $12,973,000 after acquiring an additional 273,409 shares in the last quarter. State Street Corp increased its position in Lindblad Expeditions by 17.2% in the second quarter. State Street Corp now owns 574,984 shares of the company valued at $9,205,000 after purchasing an additional 84,333 shares last quarter. Panagora Asset Management Inc. bought a new position in Lindblad Expeditions during the third quarter worth $293,000. JPMorgan Chase & Co. increased its stake in Lindblad Expeditions by 18.5% in the second quarter. JPMorgan Chase & Co. now owns 11,989 shares of the company worth $191,000 after buying 1,868 more shares last quarter. Finally, Connacht Asset Management LP acquired a new stake in Lindblad Expeditions in the 2nd quarter for a value of $1,679,000. 86.70% of the shares are currently held by hedge funds and other institutional investors.
About Lindblad Expeditions
Lindblad Expeditions Holdings, Inc is committed to providing cruise and expedition travel services. It operates through the Lindblad and Natural Habitat segments. The Lindblad segment primarily includes sea expeditions. The Natural Habitat segment offers land and environmentally friendly expeditions.
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