Lindblad Expeditions (NASDAQ:LIND) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.
Several other research analysts have also weighed in on the company. Zacks Investment Research upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. TheStreet lowered Lindblad Expeditions from a “b-” rating to a “c” rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $11.25.
Shares of Lindblad Expeditions (LIND) opened at $9.10 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.20 and a quick ratio of 1.18. The stock has a market capitalization of $408.44, a P/E ratio of -227.50 and a beta of 0.10. Lindblad Expeditions has a 52-week low of $8.38 and a 52-week high of $11.26.
In other Lindblad Expeditions news, Director John M. Fahey, Jr. acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average cost of $9.80 per share, for a total transaction of $29,400.00. Following the completion of the transaction, the director now owns 34,958 shares of the company’s stock, valued at approximately $342,588.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 50.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in shares of Lindblad Expeditions during the third quarter worth $128,000. SG Americas Securities LLC purchased a new position in shares of Lindblad Expeditions during the third quarter worth $164,000. Wells Fargo & Company MN boosted its position in shares of Lindblad Expeditions by 0.3% during the second quarter. Wells Fargo & Company MN now owns 16,086 shares of the company’s stock worth $169,000 after buying an additional 44 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Lindblad Expeditions during the third quarter worth $173,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Lindblad Expeditions by 39.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,088 shares of the company’s stock worth $211,000 after buying an additional 5,694 shares during the period. Institutional investors and hedge funds own 48.97% of the company’s stock.
About Lindblad Expeditions
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest 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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