Lindblad Expeditions Holdings Inc (NASDAQ: LIND) stock jumped 9.12% on Friday to $8.19 against a previous-day closing price of $7.51. With 0.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.33 million shares. During the session, the Travel Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $8.21 whereas the lowest price it dropped to was $7.40. The 52-week range on LIND shows that it touched its highest point at $12.46 and its lowest point at $5.47 during that stretch. It currently has a 1-year price target of $13.25. Beta for the stock currently stands at 2.52.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LIND was up-trending over the past week, with a rise of 33.47%, but this was up by 37.27% over a month. Three-month performance dropped to -15.43% while six-month performance fell -17.10%. The stock lost -17.56% in the past year, while it has gained 6.43% so far this year. A look at the trailing 12-month EPS for LIND yields -1.03 with Next year EPS estimates of -0.20. For the next quarter, that number is -0.29. This implies an EPS growth rate of 68.95% for this year and 71.12% for next year. EPS is expected to grow by 25.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -63.66%.
Float and Shares Shorts:
At present, 53.11 million LIND shares are outstanding with a float of 35.83 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.49 million, which was 6.54% higher than short shares on Sep 28, 2023. In addition to Mr. Sven-Olof Lindblad as the firm’s Founder, CEO & Director, Mr. Craig I. Felenstein serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 76.32% of LIND’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.11% of LIND, in contrast to 42.34% held by mutual funds. Shares owned by individuals account for 21.05%. As the largest shareholder in LIND with 15.89% of the stake, Ariel Investments LLC holds 8,472,058 shares worth 8,472,058. A second-largest stockholder of LIND, BlackRock Fund Advisors, holds 2,236,135 shares, controlling over 4.19% of the firm’s shares. Gilder, Gagnon, Howe & Co. LLC is the third largest shareholder in LIND, holding 1,991,059 shares or 3.73% stake. With a 2.24% stake in LIND, the Fidelity Small Cap Growth Fund is the largest stakeholder. A total of 1,196,875 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.91% of LIND stock, is the second-largest Mutual Fund holder. It holds 1,020,179 shares valued at 6.35 million. iShares Russell 2000 ETF holds 1.52% of the stake in LIND, owning 812,813 shares worth 5.06 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LIND since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LIND analysts setting a high price target of $15.00 and a low target of $11.00, the average target price over the next 12 months is $13.25. Based on these targets, LIND could surge 83.15% to reach the target high and rise by 34.31% to reach the target low. Reaching the average price target will result in a growth of 61.78% from current levels.
Summary of Insider Activity:
Insiders traded LIND stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 5,554 shares were bought while 0 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 392,031 while 1,534,972 shares were sold.
