Lindblad Expeditions (NASDAQ:LIND) Shares Cross Below 50 Day Moving Average – Here’s Why

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-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.

Analyst Ratings Changes

A number of research firms have recently commented on LIND. 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 note on Wednesday, November 6th. StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Trading Down 1.1 %

The company has a market capitalization of $632.79 million, a price-to-earnings ratio of -15.48 and a beta of 3.11. The firm’s 50 day moving average price is $12.41 and its two-hundred day moving average price is $10.41.

Insider Buying and Selling at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 123,754 shares of the company’s stock, valued at approximately $1,455,347.04. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 34.30% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Several hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. increased its holdings in shares of Lindblad Expeditions by 49.6% in the third quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after purchasing an additional 1,722 shares during the last quarter. Quantbot Technologies LP grew its stake in Lindblad Expeditions by 307.7% in the 3rd quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock valued at $74,000 after buying an additional 6,071 shares during the last quarter. Arizona State Retirement System bought a new position in Lindblad Expeditions in the 2nd quarter valued at about $101,000. Paloma Partners Management Co acquired a new stake in Lindblad Expeditions during the third quarter worth approximately $122,000. Finally, SG Americas Securities LLC bought a new stake in shares of Lindblad Expeditions during the third quarter worth approximately $139,000. Institutional investors and hedge funds 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.