TheStreet Upgrades Lindblad Expeditions Holdings Inc. (LIND) to “B”

Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) was upgraded by TheStreet from a “c” rating to a “b” rating in a report issued on Thursday.

A number of other research firms also recently issued reports on LIND. BidaskClub raised shares of Lindblad Expeditions Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Deutsche Bank AG reaffirmed a “hold” rating and set a $10.00 price objective (up from $9.50) on shares of Lindblad Expeditions Holdings in a report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $11.25.

Lindblad Expeditions Holdings (LIND) traded down $0.01 on Thursday, hitting $10.54. 70,439 shares of the stock were exchanged, compared to its average volume of 93,620. The stock has a market cap of $479.32, a price-to-earnings ratio of 212.00 and a beta of 0.61. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.20 and a quick ratio of 1.18. Lindblad Expeditions Holdings has a 12-month low of $8.38 and a 12-month high of $11.26.

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In other news, insider Benjamin Bressler sold 51,120 shares of Lindblad Expeditions Holdings stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $10.44, for a total transaction of $533,692.80. Following the completion of the sale, the insider now directly owns 227,357 shares of the company’s stock, valued at approximately $2,373,607.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 50.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Brown Advisory Inc. lifted its stake in Lindblad Expeditions Holdings by 4.8% in the third quarter. Brown Advisory Inc. now owns 1,431,526 shares of the company’s stock worth $15,317,000 after purchasing an additional 66,130 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in Lindblad Expeditions Holdings by 27.3% in the third quarter. Epoch Investment Partners Inc. now owns 1,055,119 shares of the company’s stock worth $11,290,000 after purchasing an additional 226,258 shares during the last quarter. Vanguard Group Inc. lifted its stake in Lindblad Expeditions Holdings by 5.0% in the second quarter. Vanguard Group Inc. now owns 895,952 shares of the company’s stock worth $9,408,000 after purchasing an additional 42,954 shares during the last quarter. State Street Corp lifted its stake in Lindblad Expeditions Holdings by 12.9% in the second quarter. State Street Corp now owns 287,672 shares of the company’s stock worth $3,019,000 after purchasing an additional 32,774 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Lindblad Expeditions Holdings by 49.0% in the third quarter. Dimensional Fund Advisors LP now owns 278,370 shares of the company’s stock worth $2,979,000 after purchasing an additional 91,499 shares during the last quarter. 49.12% of the stock is owned by institutional investors and hedge funds.

About Lindblad Expeditions Holdings

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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