Lindblad Expeditions (NASDAQ:LIND) Stock Price Down 2.8% on Insider Selling

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) dropped 2.8% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $12.37 and last traded at $12.37. Approximately 28,331 shares changed hands during trading, a decline of 90% from the average daily volume of 290,931 shares. The stock had previously closed at $12.73.

Specifically, Director John M. Fahey, Jr. sold 7,000 shares of the company’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 owns 123,754 shares in the company, valued at $1,455,347.04. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

LIND has been the topic of a number of recent research reports. B. Riley upped their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Craig Hallum upped their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note 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. According to data from MarketBeat, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Stock Up 3.7 %

The company has a market cap of $680.21 million, a PE ratio of -16.64 and a beta of 3.11. The business has a 50-day simple moving average of $11.75 and a 200-day simple moving average of $9.95.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position 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 acquiring an additional 26,647 shares in the last quarter. Anchor Capital Management Company LLC lifted its position in shares of Lindblad Expeditions by 51.3% in the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after acquiring an additional 449,098 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Lindblad Expeditions by 1.3% in the third quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock valued at $7,889,000 after acquiring an additional 11,029 shares in the last quarter. Franklin Resources Inc. lifted its position 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 lifted its position in shares of Lindblad Expeditions by 0.6% in 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 in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

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.