Lindblad Expeditions (NASDAQ:LIND) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a research note released on Monday.

Separately, Craig Hallum lifted their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

Lindblad Expeditions Stock Performance

NASDAQ LIND opened at $10.60 on Monday. Lindblad Expeditions has a fifty-two week low of $6.35 and a fifty-two week high of $14.34. The stock has a market cap of $577.74 million, a P/E ratio of -14.13 and a beta of 3.11. The stock has a 50 day simple moving average of $12.01 and a two-hundred day simple moving average of $11.26.

Insiders Place Their Bets

In related news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total transaction of $82,320.00. Following the sale, the director now directly owns 123,754 shares in the company, valued at $1,455,347.04. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 34.30% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Lindblad Expeditions by 1.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after acquiring an additional 26,647 shares during the period. Assetmark Inc. grew its holdings in Lindblad Expeditions by 49.6% in the third quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock worth $48,000 after purchasing an additional 1,722 shares during the period. Quest Partners LLC grew its holdings in Lindblad Expeditions by 1,139.4% in the third quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock worth $563,000 after purchasing an additional 55,968 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Lindblad Expeditions by 104.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 292,292 shares of the company’s stock valued at $2,704,000 after purchasing an additional 149,409 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Lindblad Expeditions by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company’s stock worth $2,736,000 after purchasing an additional 3,087 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.