Lindblad Expeditions (NASDAQ:LIND) Shares Down 6.5% – Here’s What Happened

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) dropped 6.5% during trading on Monday . The stock traded as low as $12.57 and last traded at $12.60. Approximately 55,139 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 289,192 shares. The stock had previously closed at $13.48.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LIND. StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Craig Hallum raised their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, B. Riley upped their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Trading Down 8.3 %

The firm has a fifty day simple moving average of $11.25 and a 200-day simple moving average of $9.72.

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Lindblad Expeditions by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock worth $18,651,000 after purchasing an additional 31,921 shares during the last quarter. Principal Financial Group Inc. grew its stake in Lindblad Expeditions by 1.6% in the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after purchasing an additional 26,647 shares in the last quarter. Anchor Capital Management Company LLC increased its holdings in Lindblad Expeditions by 51.3% in the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after buying an additional 449,098 shares during the last quarter. Geode Capital Management LLC raised its stake in Lindblad Expeditions by 1.3% during the third quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock valued at $7,889,000 after buying an additional 11,029 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Lindblad Expeditions by 0.4% during the 3rd quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock worth $7,903,000 after buying an additional 3,016 shares during the last quarter. 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.