Lindblad Expeditions (NASDAQ:LIND) Trading 7.2% Higher – Here’s Why

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) shares rose 7.2% on Tuesday . The stock traded as high as $12.85 and last traded at $12.98. Approximately 122,980 shares were traded during trading, a decline of 46% from the average daily volume of 227,180 shares. The stock had previously closed at $12.10.

Analyst Ratings Changes

A number of equities analysts have weighed in on LIND shares. Craig Hallum lifted their price objective on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Trading Up 7.4 %

The stock has a market capitalization of $708.50 million, a price-to-earnings ratio of -17.33 and a beta of 3.11. The stock has a 50-day moving average price of $12.24 and a 200 day moving average price of $10.64.

Insider Transactions at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 7,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $11.76, for a total transaction of $82,320.00. Following the completion of the transaction, the director now owns 123,754 shares in the company, valued at $1,455,347.04. This represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 34.30% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. raised its holdings in Lindblad Expeditions by 49.6% in the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after acquiring an additional 1,722 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Lindblad Expeditions by 307.7% in the third quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock valued at $74,000 after purchasing an additional 6,071 shares during the last quarter. Paloma Partners Management Co purchased a new position in Lindblad Expeditions during the third quarter worth approximately $122,000. Simon Quick Advisors LLC acquired a new position in Lindblad Expeditions during the fourth quarter worth $126,000. Finally, SG Americas Securities LLC purchased a new stake in Lindblad Expeditions in the 3rd quarter valued at $139,000. 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.