Lindblad Expeditions (NASDAQ:LIND) Shares Cross Below 50 Day Moving Average – Time to Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.41 and traded as low as $11.17. Lindblad Expeditions shares last traded at $11.61, with a volume of 222,347 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum boosted their price objective 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Price Performance

The business has a 50 day simple moving average of $12.45 and a 200-day simple moving average of $10.44. The stock has a market capitalization of $632.79 million, a price-to-earnings ratio of -15.48 and a beta of 3.11.

Insider Activity

In other news, Director John M. Fahey, Jr. sold 7,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 34.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

A number of hedge funds and other institutional investors have recently bought and sold shares of LIND. Assetmark Inc. boosted its stake in shares of Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock worth $48,000 after buying an additional 1,722 shares during the last quarter. Franklin Resources Inc. raised its holdings in Lindblad Expeditions by 0.4% during the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock worth $7,903,000 after acquiring an additional 3,016 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Lindblad Expeditions by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company’s stock worth $2,736,000 after acquiring an additional 3,087 shares in the last quarter. Victory Capital Management Inc. boosted its position in Lindblad Expeditions by 3.3% during the second quarter. Victory Capital Management Inc. now owns 96,400 shares of the company’s stock valued at $930,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Lindblad Expeditions by 4.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 87,124 shares of the company’s stock valued at $806,000 after purchasing an additional 3,693 shares in the last quarter. Institutional investors and hedge funds 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.