Lindblad Expeditions (NASDAQ:LIND) Cut to Hold at StockNews.com

Lindblad Expeditions (NASDAQ:LIND) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Separately, Craig Hallum boosted their price target 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.25.

Lindblad Expeditions Stock Performance

LIND stock opened at $10.78 on Monday. Lindblad Expeditions has a one year low of $6.35 and a one year high of $14.34. The company has a market capitalization of $587.55 million, a PE ratio of -14.37 and a beta of 3.11. The company’s 50 day moving average price is $12.04 and its two-hundred day moving average price is $11.24.

Insider Activity

In other 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 directly owns 123,754 shares of the company’s stock, valued at approximately $1,455,347.04. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 34.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp purchased a new stake in Lindblad Expeditions in the 4th quarter worth approximately $541,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Lindblad Expeditions by 10.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,635 shares of the company’s stock worth $660,000 after acquiring an additional 5,410 shares during the period. Squarepoint Ops LLC purchased a new stake in Lindblad Expeditions in the fourth quarter worth $304,000. Two Sigma Advisers LP boosted its holdings in Lindblad Expeditions by 36.9% in the fourth quarter. Two Sigma Advisers LP now owns 240,600 shares of the company’s stock valued at $2,854,000 after acquiring an additional 64,800 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Lindblad Expeditions by 50.4% during the 4th quarter. Two Sigma Investments LP now owns 252,458 shares of the company’s stock valued at $2,994,000 after purchasing an additional 84,648 shares during the period. 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.