Lindblad Expeditions (NASDAQ:LIND) Stock Price Down 2.8% on Insider Selling

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price dropped 2.8% on Thursday following insider selling activity. The company traded as low as $12.37 and last traded at $12.37. Approximately 28,331 shares traded hands during trading, a decline of 90% from the average daily volume of 290,931 shares. The stock had previously closed at $12.73.

Specifically, 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 transaction, the director now directly owns 123,754 shares in the company, valued at approximately $1,455,347.04. This represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LIND. B. Riley increased their price target on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Craig Hallum boosted their price objective on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Stock Performance

The stock has a market cap of $674.21 million, a P/E ratio of -16.49 and a beta of 3.11. The stock has a fifty day simple moving average of $11.64 and a 200-day simple moving average of $9.91.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Quest Partners LLC grew its position in Lindblad Expeditions by 1,139.4% in the third quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock valued at $563,000 after purchasing an additional 55,968 shares in the last quarter. Anchor Capital Management Company LLC increased its position in shares of 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 acquiring an additional 449,098 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Lindblad Expeditions during the second quarter worth about $519,000. Assetmark Inc. grew its stake in Lindblad Expeditions by 49.6% in the third quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after purchasing an additional 1,722 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Lindblad Expeditions during the 3rd quarter worth approximately $556,000. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Company Profile

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.