Lindblad Expeditions Holdings Inc (NASDAQ:LIND) Short Interest Down 36.4% in August

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Lindblad Expeditions Holdings Inc (NASDAQ:LIND) was the recipient of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 420,100 shares, a decrease of 36.4% from the July 15th total of 660,200 shares. Based on an average trading volume of 212,400 shares, the short-interest ratio is currently 2.0 days. Approximately 1.5% of the shares of the stock are sold short.

LIND traded down $0.06 on Tuesday, hitting $18.72. 93,300 shares of the stock traded hands, compared to its average volume of 188,755. Lindblad Expeditions has a 52 week low of $11.98 and a 52 week high of $19.29. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $924.07 million, a PE ratio of 78.00 and a beta of 0.16. The business has a fifty day moving average price of $18.43 and a two-hundred day moving average price of $16.43.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The firm had revenue of $76.66 million during the quarter, compared to the consensus estimate of $79.58 million. Lindblad Expeditions had a net margin of 4.96% and a return on equity of 12.98%. On average, equities research analysts forecast that Lindblad Expeditions will post 0.51 EPS for the current fiscal year.

A number of research firms have recently commented on LIND. Zacks Investment Research lowered Lindblad Expeditions from a “buy” rating to a “sell” rating in a research note on Wednesday, August 7th. Imperial Capital reaffirmed an “outperform” rating and set a $22.00 target price (up previously from $21.00) on shares of Lindblad Expeditions in a report on Tuesday, August 6th. ValuEngine lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Deutsche Bank reaffirmed a “hold” rating and set a $15.00 target price on shares of Lindblad Expeditions in a report on Sunday, August 4th. Finally, Sidoti lowered shares of Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Lindblad Expeditions presently has a consensus rating of “Hold” and a consensus price target of $18.40.

In related news, insider Trey Byus sold 30,526 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $17.33, for a total transaction of $529,015.58. Following the transaction, the insider now owns 138,321 shares of the company’s stock, valued at $2,397,102.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 60,100 shares of company stock worth $1,038,714 in the last ninety days. 50.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC acquired a new position in shares of Lindblad Expeditions during the 2nd quarter worth about $25,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Lindblad Expeditions by 72.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,238 shares of the company’s stock valued at $40,000 after buying an additional 940 shares during the last quarter. Legal & General Group Plc lifted its stake in Lindblad Expeditions by 27.4% in the fourth quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock valued at $57,000 after buying an additional 921 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Lindblad Expeditions by 48.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,385 shares of the company’s stock valued at $79,000 after buying an additional 1,437 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Lindblad Expeditions by 18,404.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock valued at $68,000 after buying an additional 4,417 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. 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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