StockNews.com Downgrades Lindblad Expeditions (NASDAQ:LIND) to Hold

Lindblad Expeditions (NASDAQ:LIND) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Separately, Craig Hallum increased their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Lindblad Expeditions currently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Stock Performance

Shares of LIND stock traded down $0.19 on Monday, reaching $10.98. 332,520 shares of the company were exchanged, compared to its average volume of 301,510. Lindblad Expeditions has a 1 year low of $6.35 and a 1 year high of $14.34. The business has a 50-day moving average price of $12.06 and a 200 day moving average price of $11.21. The company has a market cap of $598.45 million, a price-to-earnings ratio of -14.64 and a beta of 3.11.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total transaction of $82,320.00. Following the completion of the sale, the director now owns 123,754 shares of the company’s stock, valued at $1,455,347.04. This trade represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 34.30% of the stock is owned by insiders.

Institutional Trading of Lindblad Expeditions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Lindblad Expeditions by 1.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after purchasing an additional 26,647 shares in the last quarter. Assetmark Inc. boosted its stake in 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 purchasing an additional 1,722 shares during the period. Quest Partners LLC increased its position in Lindblad Expeditions by 1,139.4% in the 3rd quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock valued at $563,000 after acquiring an additional 55,968 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Lindblad Expeditions by 104.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 292,292 shares of the company’s stock valued at $2,704,000 after purchasing an additional 149,409 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Lindblad Expeditions by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company’s stock valued at $2,736,000 after buying an additional 3,087 shares during the period. 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.