Lindblad Expeditions (NASDAQ:LIND) Shares Gap Up – Still a Buy?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $9.35, but opened at $10.63. Lindblad Expeditions shares last traded at $10.86, with a volume of 292,847 shares.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LIND. 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 report on Friday, August 9th. B. Riley raised their target price on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Lindblad Expeditions Stock Performance

The company has a market capitalization of $632.82 million, a PE ratio of -10.29 and a beta of 3.02. The stock has a fifty day moving average of $9.69 and a 200 day moving average of $8.76.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $136.50 million for the quarter, compared to the consensus estimate of $137.39 million. As a group, equities analysts predict that Lindblad Expeditions Holdings, Inc. will post -0.65 EPS for the current year.

Insider Activity at Lindblad Expeditions

In other news, CEO Sven-Olof Lindblad purchased 32,117 shares of the stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the acquisition, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sven-Olof Lindblad purchased 32,117 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the purchase, the chief executive officer now owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 34.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors have recently bought and sold shares of LIND. Assetmark Inc. grew its stake in shares of Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock worth $48,000 after purchasing an additional 1,722 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in Lindblad Expeditions in the 1st quarter valued at $95,000. Arizona State Retirement System acquired a new stake in Lindblad Expeditions during the 2nd quarter worth $101,000. SG Americas Securities LLC purchased a new stake in shares of Lindblad Expeditions during the third quarter worth $139,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Lindblad Expeditions in the first quarter valued at about $176,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

About Lindblad Expeditions

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.