Lindblad Expeditions (NASDAQ:LIND) Shares Gap Down to $9.54

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $9.54, but opened at $9.28. Lindblad Expeditions shares last traded at $9.57, with a volume of 14,704 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. B. Riley lifted their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Stifel Nicolaus lowered their target price on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Lindblad Expeditions Trading Up 0.9 %

The firm has a market capitalization of $515.52 million, a price-to-earnings ratio of -9.26 and a beta of 3.01. The company has a fifty day moving average price of $9.13 and a 200-day moving average price of $8.44.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $136.50 million during the quarter, compared to analyst estimates of $137.39 million. As a group, sell-side analysts predict that Lindblad Expeditions Holdings, Inc. will post -0.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Noah Brodsky sold 14,344 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total value of $150,612.00. Following the completion of the sale, the insider now directly owns 58,518 shares in the company, valued at approximately $614,439. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Lindblad Expeditions news, CEO Sven-Olof Lindblad purchased 32,117 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average cost of $7.95 per share, with a total value of $255,330.15. Following the transaction, the chief executive officer now directly owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total value of $150,612.00. Following the completion of the transaction, the insider now directly owns 58,518 shares in the company, valued at $614,439. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 88,156 shares of company stock worth $669,250. 34.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Ariel Investments LLC increased its position in Lindblad Expeditions by 3.1% in the 1st quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock worth $82,824,000 after buying an additional 268,996 shares during the period. Vanguard Group Inc. increased its position in shares of Lindblad Expeditions by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock valued at $18,651,000 after purchasing an additional 31,921 shares during the period. Principal Financial Group Inc. increased its position in shares of Lindblad Expeditions by 2.2% during the second quarter. Principal Financial Group Inc. now owns 1,661,902 shares of the company’s stock valued at $16,037,000 after purchasing an additional 36,307 shares during the period. Anchor Capital Management Company LLC increased its position in shares of Lindblad Expeditions by 51.3% during the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after purchasing an additional 449,098 shares during the period. Finally, Pinnacle Associates Ltd. increased its position in shares of Lindblad Expeditions by 1.0% during the first quarter. Pinnacle Associates Ltd. now owns 607,994 shares of the company’s stock valued at $5,673,000 after purchasing an additional 5,979 shares during the period. 75.94% of the stock is owned by institutional investors.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.