Lindblad Expeditions (NASDAQ:LIND) Share Price Crosses Above Fifty Day Moving Average of $8.66

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.66 and traded as high as $9.72. Lindblad Expeditions shares last traded at $9.10, with a volume of 234,442 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Craig Hallum dropped their price objective on Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. B. Riley increased their price objective on Lindblad Expeditions from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. StockNews.com upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.25.

Lindblad Expeditions Trading Down 4.4 %

The firm has a fifty day simple moving average of $8.70 and a 200 day simple moving average of $8.60.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The business had revenue of $153.61 million during the quarter, compared to the consensus estimate of $150.24 million. Equities research analysts forecast that Lindblad Expeditions Holdings, Inc. will post -0.44 EPS for the current year.

Insider Buying and Selling at Lindblad Expeditions

In related news, Director Alex P. Schultz purchased 25,294 shares of the stock in a transaction on Monday, May 20th. The shares were bought at an average price of $7.69 per share, for a total transaction of $194,510.86. Following the completion of the acquisition, the director now directly owns 151,694 shares in the company, valued at approximately $1,166,526.86. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Lindblad Expeditions news, Director Alex P. Schultz acquired 25,294 shares of Lindblad Expeditions stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $7.69 per share, with a total value of $194,510.86. Following the completion of the transaction, the director now owns 151,694 shares of the company’s stock, valued at $1,166,526.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alex P. Schultz bought 15,953 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, June 20th. The stock was purchased at an average cost of $7.48 per share, with a total value of $119,328.44. Following the completion of the transaction, the director now owns 176,198 shares of the company’s stock, valued at $1,317,961.04. The disclosure for this purchase can be found here. Insiders have purchased a total of 43,747 shares of company stock worth $333,089 over the last 90 days. Insiders own 34.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new position in Lindblad Expeditions in the first quarter worth $95,000. PFG Investments LLC bought a new position in shares of Lindblad Expeditions during the first quarter valued at $152,000. Quest Partners LLC bought a new position in shares of Lindblad Expeditions during the fourth quarter valued at $200,000. Virtu Financial LLC bought a new position in shares of Lindblad Expeditions during the fourth quarter valued at $204,000. Finally, EntryPoint Capital LLC bought a new position in shares of Lindblad Expeditions during the first quarter valued at $176,000. 75.94% of the stock is owned by institutional investors.

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.