Lindblad Expeditions (NASDAQ:LIND) Shares Gap Up – What’s Next?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $12.60, but opened at $12.98. Lindblad Expeditions shares last traded at $13.03, with a volume of 12,072 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LIND shares. B. Riley upped their price objective on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Stifel Nicolaus cut their price target on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Craig Hallum lifted their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Price Performance

The company has a market cap of $713.41 million, a price-to-earnings ratio of -16.80 and a beta of 3.02. The stock has a 50-day moving average price of $10.82 and a 200 day moving average price of $9.45.

Institutional Trading of Lindblad Expeditions

Several hedge funds have recently bought and sold shares of LIND. Assetmark Inc. grew its holdings in shares of Lindblad Expeditions by 49.6% in the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after acquiring an additional 1,722 shares in the last quarter. Quantbot Technologies LP boosted its stake 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 valued at $74,000 after buying an additional 6,071 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Lindblad Expeditions during the 1st quarter valued at $95,000. Arizona State Retirement System acquired a new position in shares of Lindblad Expeditions in the 2nd quarter valued at approximately $101,000. Finally, Paloma Partners Management Co bought a new stake in Lindblad Expeditions during the third quarter worth $122,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.