Lindblad Expeditions (NASDAQ:LIND) Stock Price Up 3.4%

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) shot up 3.4% during mid-day trading on Tuesday . The company traded as high as $10.98 and last traded at $10.95. 127,035 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 296,683 shares. The stock had previously closed at $10.59.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LIND shares. Stifel Nicolaus dropped their target price on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 9th. StockNews.com raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. B. Riley upped their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Craig Hallum cut their price objective on shares of Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Lindblad Expeditions has an average rating of “Moderate Buy” and an average target price of $13.25.

Lindblad Expeditions Stock Performance

The firm has a fifty day simple moving average of $8.84 and a two-hundred day simple moving average of $8.40. The firm has a market cap of $580.30 million, a PE ratio of -10.51 and a beta of 3.01.

Insider Buying and Selling

In other Lindblad Expeditions news, Director Alex P. Schultz acquired 22,308 shares of the stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $7.43 per share, for a total transaction of $165,748.44. Following the completion of the transaction, the director now directly owns 217,023 shares of the company’s stock, valued at $1,612,480.89. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Alex P. Schultz bought 22,308 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $7.43 per share, for a total transaction of $165,748.44. Following the acquisition, the director now owns 217,023 shares in the company, valued at $1,612,480.89. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sven-Olof Lindblad bought 32,117 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the transaction, the chief executive officer now owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 90,656 shares of company stock worth $688,500. Insiders own 34.30% of the company’s stock.

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ariel Investments LLC raised its holdings in shares of Lindblad Expeditions by 3.1% in the first quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock worth $82,824,000 after buying an additional 268,996 shares during the period. Vanguard Group Inc. grew its position in Lindblad Expeditions by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock valued at $18,651,000 after acquiring an additional 31,921 shares during the last quarter. Principal Financial Group Inc. increased its stake in Lindblad Expeditions by 2.2% in the second quarter. Principal Financial Group Inc. now owns 1,661,902 shares of the company’s stock worth $16,037,000 after purchasing an additional 36,307 shares during the period. Anchor Capital Management Company LLC boosted its stake in shares of Lindblad Expeditions by 51.3% during 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 purchasing an additional 449,098 shares during the period. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Lindblad Expeditions by 1.0% in the first quarter. Pinnacle Associates Ltd. now owns 607,994 shares of the company’s stock worth $5,673,000 after purchasing an additional 5,979 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.