Inclusive Capital Partners LP recently announced the acquisition of new stake in Lindblad Expeditions Holdings Inc. (NASDAQ:LIND). This fresh investment now brings its stake to 9.88% valued currently at $35.69 million. In addition, Select Equity Group LP raised its holdings by 28164.0 to 1.73 million shares. And BlackRock Fund Advisors has lifted its position by 5.24% or 85117.0 shares – to 1.71 million shares.
With over 1.22 million Lindblad Expeditions Holdings Inc. (LIND) shares trading Friday and a closing price of $10.14 on the day, the dollar volume was approximately $12.41 million. The shares have shown a positive weekly performance of 28.52% and its price on 08/28/20 gained nearly 11.06%. Currently, there are 49.74M common shares owned by the public and among those 25.44M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for LIND have a consensus price objective of $9.20. The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $7.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Lindblad Expeditions Holdings Inc. stock is 2.20 for the next 12 months. The average price target is -10.22% below its last price level and a downside to the estimated low will see the stock lose -44.86% over that period. But an upside of 15.5% will see the stock hit the forecast high price target while mean target price for the stock is $9.00.
Insiders at the company have transacted a total of 87 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 47 of these insider trades were purchases, accounting for 405,332 shares. Insider sales of the common stock occurred on 40 occasions, with total insider shares sold totaling 450,942 shares.
The top 3 mutual fund holders in Lindblad Expeditions Holdings Inc. are Monks (The) Investment Trust Plc, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. Monks (The) Investment Trust Plc owns 1.07 million shares of the company’s stock, all valued at over $7.78 million. iShares Russell 2000 ETF sold 24752.0 shares to bring its total holdings to over 0.53 million shares at a value of $3.82 million. iShares Russell 2000 ETF now owns shares totaling to 1.06% of the shares outstanding.
Shares of Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) opened at $9.28, up $0.15 from a prior closing price of $9.13. However, the script later closed the day at $10.14, up 11.06%. The company’s stock has a 5-day price change of 28.52% and 18.74% over the past three months. LIND shares are trading -37.98% year to date (YTD), with the 12-month market performance down to -46.63% lower. It has a 12-month low price of $3.01 and touched a high of $19.24 over the same period. Currently, 1.22 million shares have been traded, compared to an average intraday trading volume of 393.29K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 29.54%, 30.95%, and -2.42% respectively.
Institutional ownership of Lindblad Expeditions Holdings Inc. (NASDAQ: LIND) shares accounts for 50.40% of the company’s 49.74M shares outstanding. Mutual fund holders own 34.36%, while other institutional holders and individual stakeholders account for 49.37% and 16.08% respectively.
It has a market capitalization of $454.88M and a beta (3y monthly) value of 2.08. The earnings-per-share (ttm) stands at -$0.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.34% over the week and 7.19% over the month.
Analysts forecast that Lindblad Expeditions Holdings Inc. (LIND) will achieve an EPS of -$0.6 for the current quarter, -$0.41 for the next quarter and -$0.52 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.78 while analysts give the company a high EPS estimate of -$0.44. Comparatively, EPS for the current quarter was -$0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 19.50%, and 70.30% over the next financial year. EPS should grow at an annualized rate of 25.00% over the next five years, compared to -11.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Lindblad Expeditions Holdings Inc. (LIND) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the LIND, a number of firms have released research notes about the stock. Sidoti stated their Neutral rating for the stock in a research note on April 13, 2020, with the firm’s price target at. Sidoti coverage for the Lindblad Expeditions Holdings Inc. (LIND) stock in a research note released on March 25, 2020 offered a Buy rating with a price target of $5. Craig Hallum was of a view on March 16, 2020 that the stock is Hold, while Sidoti gave the stock Neutral rating on January 14, 2020, issuing a price target of. Janney on their part issued Buy rating on December 17, 2019.