Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Short Interest Update

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totalling 1,290,000 shares, a drop of 22.3% from the October 15th total of 1,660,000 shares. Based on an average daily volume of 550,600 shares, the days-to-cover ratio is currently 2.3 days. Approximately 4.3% of the shares of the company are short sold.

In other Lindblad Expeditions news, Director Jr. Thomas S. Smith bought 214,952 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was purchased at an average price of $11.07 per share, for a total transaction of $2,379,518.64. Following the completion of the transaction, the director now directly owns 272,984 shares of the company’s stock, valued at $3,021,932.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Benjamin Bressler sold 66,055 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $10.10, for a total transaction of $667,155.50. Following the transaction, the insider now owns 20,500 shares of the company’s stock, valued at approximately $207,050. The disclosure for this sale can be found here. 38.90% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. State Street Corp lifted its position in Lindblad Expeditions by 8.5% during the first quarter. State Street Corp now owns 618,821 shares of the company’s stock valued at $2,580,000 after purchasing an additional 48,264 shares during the last quarter. Principal Financial Group Inc. lifted its position in Lindblad Expeditions by 42.4% during the second quarter. Principal Financial Group Inc. now owns 531,240 shares of the company’s stock valued at $4,101,000 after purchasing an additional 158,203 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lindblad Expeditions by 10.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 174,580 shares of the company’s stock valued at $1,348,000 after purchasing an additional 17,179 shares during the last quarter. SG Americas Securities LLC bought a new stake in Lindblad Expeditions during the second quarter valued at approximately $108,000. Finally, UBS Group AG lifted its position in Lindblad Expeditions by 29.5% during the second quarter. UBS Group AG now owns 320,972 shares of the company’s stock valued at $2,478,000 after purchasing an additional 73,029 shares during the last quarter. Institutional investors and hedge funds own 50.02% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. ValuEngine upgraded shares of Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Zacks Investment Research upgraded shares of Lindblad Expeditions from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $7.00 price objective on shares of Lindblad Expeditions in a research report on Wednesday, August 12th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $9.33.

Shares of LIND stock traded down $0.26 during trading hours on Friday, reaching $11.76. The stock had a trading volume of 793,090 shares, compared to its average volume of 451,524. Lindblad Expeditions has a 12 month low of $3.01 and a 12 month high of $18.34. The firm has a market capitalization of $586.53 million, a PE ratio of -8.22 and a beta of 2.34. The company has a current ratio of 1.09, a quick ratio of 0.78 and a debt-to-equity ratio of 6.51. The stock’s fifty day simple moving average is $9.20 and its 200 day simple moving average is $8.46.

Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Thursday, October 29th. The company reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.08. Lindblad Expeditions had a negative net margin of 0.87% and a negative return on equity of 71.47%. The business had revenue of $1.02 million during the quarter, compared to analyst estimates of $0.60 million. As a group, equities research analysts anticipate that Lindblad Expeditions will post -1.91 EPS for the current fiscal year.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel experiences. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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