Lindblad Expeditions (NASDAQ:LIND) Stock Price Down 4.5% – Time to Sell?

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) were down 4.5% during mid-day trading on Thursday . The company traded as low as $11.32 and last traded at $11.33. Approximately 125,573 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 290,462 shares. The stock had previously closed at $11.86.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LIND. StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum raised their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Price Performance

The firm’s fifty day moving average is $12.18 and its two-hundred day moving average is $10.25. The firm has a market cap of $616.99 million, a price-to-earnings ratio of -15.09 and a beta of 3.10.

Insider Buying and Selling

In related news, Director John M. Fahey, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was 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 of the company’s stock, valued at $1,455,347.04. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 34.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Several large investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in shares of Lindblad Expeditions by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after acquiring an additional 26,647 shares during the last quarter. Anchor Capital Management Company LLC increased its stake 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 worth $12,788,000 after purchasing an additional 449,098 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lindblad Expeditions by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock worth $7,889,000 after buying an additional 11,029 shares during the period. Franklin Resources Inc. lifted its stake in Lindblad Expeditions by 0.4% during the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock valued at $7,903,000 after buying an additional 3,016 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Lindblad Expeditions by 0.6% in the third quarter. State Street Corp now owns 790,874 shares of the company’s stock worth $7,316,000 after buying an additional 4,552 shares during the period. 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.