Deutsche Bank AG reissued their hold rating on shares of Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) in a research note released on Wednesday morning. The brokerage currently has a $10.00 price objective on the stock, up from their previous price objective of $9.50.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Lindblad Expeditions Holdings from a hold rating to a sell rating in a report on Tuesday, April 18th. Imperial Capital assumed coverage on shares of Lindblad Expeditions Holdings in a research note on Tuesday, April 18th. They set an outperform rating and a $12.00 target price on the stock. BidaskClub lowered shares of Lindblad Expeditions Holdings from a sell rating to a strong sell rating in a research note on Wednesday, August 2nd. Finally, Citigroup Inc. reaffirmed a buy rating and set a $11.00 target price (down previously from $11.50) on shares of Lindblad Expeditions Holdings in a research note on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $11.20.
Shares of Lindblad Expeditions Holdings (NASDAQ LIND) traded down 1.46% during mid-day trading on Wednesday, reaching $10.10. 61,129 shares of the company’s stock were exchanged. The stock’s market cap is $455.17 million. The company has a 50 day moving average price of $10.14 and a 200-day moving average price of $9.47. Lindblad Expeditions Holdings has a one year low of $7.75 and a one year high of $10.73.
Lindblad Expeditions Holdings (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $55.57 million for the quarter, compared to analyst estimates of $50.84 million. Lindblad Expeditions Holdings had a negative net margin of 1.30% and a positive return on equity of 0.87%. On average, analysts predict that Lindblad Expeditions Holdings will post $0.14 EPS for the current year.
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In other news, COO Ian Rogers sold 5,067 shares of Lindblad Expeditions Holdings stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $9.50, for a total transaction of $48,136.50. Following the sale, the chief operating officer now owns 306,708 shares of the company’s stock, valued at approximately $2,913,726. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 117,606 shares of company stock worth $1,168,206 in the last ninety days. Insiders own 50.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. Evanston Investments Inc. dba Evanston Advisors acquired a new stake in Lindblad Expeditions Holdings during the second quarter valued at approximately $105,000. Bank of America Corp DE raised its stake in Lindblad Expeditions Holdings by 120.9% in the first quarter. Bank of America Corp DE now owns 18,684 shares of the company’s stock valued at $167,000 after buying an additional 10,225 shares during the last quarter. Wells Fargo & Company MN raised its stake in Lindblad Expeditions Holdings by 0.3% in the second quarter. Wells Fargo & Company MN now owns 16,086 shares of the company’s stock valued at $169,000 after buying an additional 44 shares during the last quarter. First Trust Advisors LP raised its stake in Lindblad Expeditions Holdings by 21.3% in the second quarter. First Trust Advisors LP now owns 17,976 shares of the company’s stock valued at $189,000 after buying an additional 3,161 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in Lindblad Expeditions Holdings by 33.5% in the first quarter. Pinnacle Associates Ltd. now owns 23,822 shares of the company’s stock valued at $213,000 after buying an additional 5,983 shares during the last quarter. 45.30% of the stock is currently owned by institutional investors and hedge funds.
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