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

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price traded down 4.5% during trading on Thursday . The stock traded as low as $11.32 and last traded at $11.33. 125,573 shares changed hands during trading, a decline of 57% from the average session volume of 290,462 shares. The stock had previously closed at $11.86.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LIND shares. StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Craig Hallum raised their price target 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 given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Stock Up 1.7 %

The stock has a market capitalization of $627.34 million, a price-to-earnings ratio of -15.35 and a beta of 3.11. The company has a 50 day simple moving average of $12.25 and a 200-day simple moving average of $10.29.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total value of $82,320.00. Following the transaction, the director now owns 123,754 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

A number of large investors have recently modified their holdings of LIND. Principal Financial Group Inc. raised its holdings in shares of Lindblad Expeditions by 1.6% in the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after purchasing an additional 26,647 shares during the last quarter. Anchor Capital Management Company LLC lifted its position in shares of Lindblad Expeditions by 51.3% during the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after buying an additional 449,098 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Lindblad Expeditions by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock worth $7,889,000 after buying an additional 11,029 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Lindblad Expeditions by 0.4% in the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock valued at $7,903,000 after acquiring an additional 3,016 shares in the last quarter. Finally, State Street Corp increased its position in shares of Lindblad Expeditions by 0.6% during the third quarter. State Street Corp now owns 790,874 shares of the company’s stock valued at $7,316,000 after acquiring an additional 4,552 shares during the last quarter. 75.94% of the stock is currently owned by 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.