Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Short Interest Update

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,250,000 shares, a drop of 15.7% from the February 28th total of 2,670,000 shares. Based on an average daily volume of 314,800 shares, the days-to-cover ratio is currently 7.1 days. Approximately 6.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Lindblad Expeditions

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of Lindblad Expeditions by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after purchasing an additional 26,647 shares during the last quarter. Anchor Capital Management Company LLC boosted its holdings in shares of Lindblad Expeditions by 6.9% in the fourth quarter. Anchor Capital Management Company LLC now owns 1,529,089 shares of the company’s stock valued at $18,135,000 after acquiring an additional 98,514 shares in the last quarter. Black Diamond Financial LLC lifted its position in Lindblad Expeditions by 4.0% in the fourth quarter. Black Diamond Financial LLC now owns 940,912 shares of the company’s stock valued at $11,159,000 after purchasing an additional 36,460 shares during the period. Geode Capital Management LLC boosted its holdings in Lindblad Expeditions by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock valued at $7,889,000 after purchasing an additional 11,029 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Lindblad Expeditions by 0.4% during the 3rd quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock worth $7,903,000 after purchasing an additional 3,016 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND traded down $0.01 during trading on Wednesday, reaching $9.57. The stock had a trading volume of 338,289 shares, compared to its average volume of 299,579. The company has a market cap of $522.39 million, a P/E ratio of -12.76 and a beta of 3.12. The business’s 50-day moving average price is $11.29 and its 200-day moving average price is $11.34. Lindblad Expeditions has a fifty-two week low of $6.35 and a fifty-two week high of $14.34.

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.