Lindblad Expeditions (NASDAQ:LIND) Stock Price Down 4.5% – Here’s Why

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) fell 4.5% during trading on Friday . The stock traded as low as $11.25 and last traded at $11.06. 64,199 shares traded hands during trading, a decline of 70% from the average session volume of 211,535 shares. The stock had previously closed at $11.58.

Analysts Set New Price Targets

Several research firms have recently issued reports on LIND. StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum increased their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Trading Down 2.9 %

The firm has a market cap of $612.58 million, a P/E ratio of -15.01 and a beta of 3.11. The stock’s fifty day moving average is $12.30 and its two-hundred day moving average is $10.59.

Insider Activity at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total transaction of $82,320.00. Following the transaction, the director now directly owns 123,754 shares of the company’s stock, valued at approximately $1,455,347.04. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 34.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lindblad Expeditions

A number of hedge funds have recently made changes to their positions in the business. Assetmark Inc. raised its position in Lindblad Expeditions by 49.6% in the 3rd 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. Quantbot Technologies LP increased its holdings in shares of Lindblad Expeditions by 307.7% in the third quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock worth $74,000 after buying an additional 6,071 shares during the period. Paloma Partners Management Co bought a new stake in shares of Lindblad Expeditions in the 3rd quarter valued at about $122,000. Simon Quick Advisors LLC purchased a new stake in Lindblad Expeditions during the 4th quarter valued at about $126,000. Finally, SG Americas Securities LLC bought a new position in Lindblad Expeditions during the 3rd quarter worth approximately $139,000. 75.94% of the stock is currently owned by institutional investors.

About Lindblad Expeditions

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.