Lindblad Expeditions (NASDAQ:LIND) Stock Price Down 6.9% – Here’s Why

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) was down 6.9% during mid-day trading on Monday . The stock traded as low as $12.84 and last traded at $12.91. Approximately 223,748 shares changed hands during trading, a decline of 24% from the average daily volume of 293,945 shares. The stock had previously closed at $13.86.

Analysts Set New Price Targets

Several analysts have recently issued reports on LIND shares. StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. B. Riley increased their price objective on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Craig Hallum increased their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their target price on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Lindblad Expeditions currently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Stock Performance

The stock’s 50 day moving average price is $10.05 and its 200-day moving average price is $9.01.

Insider Activity

In other news, insider Noah Brodsky sold 14,344 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the transaction, the insider now directly owns 58,518 shares in the company, valued at approximately $614,439. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the completion of the sale, the insider now directly owns 58,518 shares in the company, valued at $614,439. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sven-Olof Lindblad acquired 32,117 shares of the stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price of $7.95 per share, with a total value of $255,330.15. Following the completion of the purchase, the chief executive officer now directly owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 34.30% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

A number of large investors have recently bought and sold shares of LIND. Anchor Capital Management Company LLC raised its stake 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 during the period. Cubist Systematic Strategies LLC acquired a new position in Lindblad Expeditions during the 2nd quarter worth about $519,000. Dimensional Fund Advisors LP raised its position in Lindblad Expeditions by 14.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 164,320 shares of the company’s stock valued at $1,586,000 after purchasing an additional 21,078 shares in the last quarter. Renaissance Technologies LLC raised its position in Lindblad Expeditions by 71.1% in the 2nd quarter. Renaissance Technologies LLC now owns 39,700 shares of the company’s stock valued at $383,000 after purchasing an additional 16,500 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Lindblad Expeditions by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock worth $18,651,000 after acquiring an additional 31,921 shares in the last quarter. Hedge funds and other institutional investors 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.