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

Other equities research analysts have also issued research reports about the company. Citigroup dropped their price target on Lindblad Expeditions from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, March 5th. Zacks Investment Research raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, ValuEngine lowered Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.50.

Shares of LIND stock opened at $10.93 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.91 and a quick ratio of 0.90. Lindblad Expeditions has a 12-month low of $8.66 and a 12-month high of $12.07. The stock has a market cap of $502.13, a price-to-earnings ratio of 121.44 and a beta of -0.36.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.01). Lindblad Expeditions had a positive return on equity of 7.20% and a negative net margin of 3.25%. The firm had revenue of $63.22 million for the quarter, compared to the consensus estimate of $55.71 million. equities research analysts anticipate that Lindblad Expeditions will post 0.13 earnings per share for the current fiscal year.

In related news, Director L. Dyson Dryden bought 10,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was bought at an average price of $9.43 per share, with a total value of $94,300.00. Following the purchase, the director now owns 1,077,209 shares in the company, valued at approximately $10,158,080.87. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John M. Fahey, Jr. bought 20,000 shares of the stock in a transaction dated Friday, March 2nd. The stock was bought at an average cost of $9.27 per share, with a total value of $185,400.00. Following the purchase, the director now owns 41,958 shares in the company, valued at approximately $388,950.66. The disclosure for this purchase can be found here. In the last three months, insiders bought 40,000 shares of company stock valued at $372,200. 50.10% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in shares of Lindblad Expeditions by 349.8% in the 4th quarter. Millennium Management LLC now owns 102,832 shares of the company’s stock valued at $1,007,000 after acquiring an additional 79,969 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Lindblad Expeditions by 26.0% in the 4th quarter. Two Sigma Investments LP now owns 47,574 shares of the company’s stock valued at $466,000 after acquiring an additional 9,822 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Lindblad Expeditions by 58.7% in the 4th quarter. Deutsche Bank AG now owns 71,424 shares of the company’s stock valued at $696,000 after acquiring an additional 26,424 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Lindblad Expeditions by 53.0% in the 4th quarter. Renaissance Technologies LLC now owns 204,700 shares of the company’s stock valued at $2,004,000 after acquiring an additional 70,900 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Lindblad Expeditions by 11.1% in the 4th quarter. Geode Capital Management LLC now owns 199,944 shares of the company’s stock valued at $1,957,000 after acquiring an additional 19,924 shares during the last quarter. 45.99% of the stock is owned by institutional investors.

About Lindblad Expeditions

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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