Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director John M. Fahey, Jr. Sells 7,000 Shares

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director John M. Fahey, Jr. sold 7,000 shares of the company’s 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 completion of the sale, the director now directly owns 123,754 shares of the company’s stock, valued at approximately $1,455,347.04. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Lindblad Expeditions Stock Up 6.6 %

Shares of NASDAQ LIND traded up $0.79 during mid-day trading on Wednesday, hitting $12.73. 790,974 shares of the company traded hands, compared to its average volume of 292,104. Lindblad Expeditions Holdings, Inc. has a 1 year low of $6.35 and a 1 year high of $14.34. The stock has a market capitalization of $693.84 million, a price-to-earnings ratio of -16.97 and a beta of 3.11. The business has a 50 day moving average of $11.64 and a two-hundred day moving average of $9.91.

Analysts Set New Price Targets

LIND has been the subject of several research reports. B. Riley raised their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Craig Hallum boosted their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.25.

Institutional Trading of Lindblad Expeditions

A number of hedge funds have recently bought and sold shares of the company. Anchor Capital Management Company LLC raised its holdings in shares of Lindblad Expeditions by 51.3% during the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after acquiring an additional 449,098 shares during the period. Portolan Capital Management LLC purchased a new position in Lindblad Expeditions during the 3rd quarter worth approximately $2,399,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Lindblad Expeditions by 104.6% during the 3rd 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 during the period. Panagora Asset Management Inc. lifted its holdings in shares of Lindblad Expeditions by 116.6% in the second quarter. Panagora Asset Management Inc. now owns 123,702 shares of the company’s stock valued at $1,194,000 after purchasing an additional 66,595 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in shares of Lindblad Expeditions in the third quarter valued at $556,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.