Lindblad Expeditions (NASDAQ:LIND) Shares Cross Below 50-Day Moving Average – Should You Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.48 and traded as low as $9.35. Lindblad Expeditions shares last traded at $9.90, with a volume of 137,555 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LIND. 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 note on Friday, August 23rd. Stifel Nicolaus reduced their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Lindblad Expeditions has a consensus rating of “Moderate Buy” and an average price target of $13.25.

Lindblad Expeditions Stock Up 3.4 %

The company has a market capitalization of $529.98 million, a PE ratio of -9.61 and a beta of 3.03. The company’s 50 day moving average is $9.48 and its two-hundred day moving average is $8.64.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $136.50 million for the quarter, compared to the consensus estimate of $137.39 million. Analysts forecast that Lindblad Expeditions Holdings, Inc. will post -0.65 EPS for the current year.

Insiders Place Their Bets

In other Lindblad Expeditions news, CEO Sven-Olof Lindblad acquired 32,117 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average cost of $7.95 per share, with a total value of $255,330.15. Following 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 represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction 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 transaction, the insider now directly owns 58,518 shares of the company’s stock, valued at $614,439. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sven-Olof Lindblad acquired 32,117 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average cost 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 in the company, valued at approximately $94,009,250.85. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 72,203 shares of company stock valued at $549,922 in the last three months. Corporate insiders own 34.30% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new stake in shares of Lindblad Expeditions in the 1st quarter worth about $95,000. Arizona State Retirement System bought a new stake in shares of Lindblad Expeditions in the 2nd quarter worth about $101,000. SG Americas Securities LLC bought a new stake in shares of Lindblad Expeditions in the 3rd quarter worth about $139,000. EntryPoint Capital LLC bought a new stake in shares of Lindblad Expeditions in the 1st quarter worth about $176,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Lindblad Expeditions by 71.1% in the 2nd quarter. Renaissance Technologies LLC now owns 39,700 shares of the company’s stock worth $383,000 after acquiring an additional 16,500 shares during the last quarter. 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.