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

Lindblad Expeditions (NASDAQ:LINDGet Free Report) 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.

Read Our Latest Research Report on Lindblad Expeditions

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

(Get Free Report)

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.

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