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

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) dropped 2.8% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $12.37 and last traded at $12.37. Approximately 28,331 shares changed hands during mid-day 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 stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total value of $82,320.00. Following the completion of the sale, the director now owns 123,754 shares of the company’s stock, valued at approximately $1,455,347.04. This trade represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Upgrades and Downgrades

LIND has been the subject of several recent research reports. StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Craig Hallum raised 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, B. Riley lifted their price objective on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Trading Up 3.7 %

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

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quest Partners LLC increased its position in shares of Lindblad Expeditions by 1,139.4% during the third quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock worth $563,000 after purchasing an additional 55,968 shares in the last quarter. Anchor Capital Management Company LLC increased its position in Lindblad Expeditions by 51.3% in the 2nd 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 during the period. Cubist Systematic Strategies LLC acquired a new position in Lindblad Expeditions in the 2nd quarter valued at about $519,000. Assetmark Inc. increased its position 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 period. Finally, PDT Partners LLC acquired a new position in Lindblad Expeditions in the 3rd quarter valued at about $556,000. 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.