Lindblad Expeditions (NASDAQ:LIND) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.11 and traded as high as $13.56. Lindblad Expeditions shares last traded at $13.20, with a volume of 468,077 shares trading hands.

Analyst Ratings Changes

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

Lindblad Expeditions Trading Up 4.8 %

The firm has a 50 day moving average of $12.11 and a two-hundred day moving average of $10.87. The stock has a market capitalization of $719.45 million, a PE ratio of -17.60 and a beta of 3.11.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the firm’s stock in a transaction on 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 approximately $1,455,347.04. This trade represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 34.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in shares of Lindblad Expeditions by 1.6% in the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after purchasing an additional 26,647 shares during the period. Black Diamond Financial LLC grew its position in shares of Lindblad Expeditions by 4.0% in the fourth quarter. Black Diamond Financial LLC now owns 940,912 shares of the company’s stock valued at $11,159,000 after purchasing an additional 36,460 shares during the period. Geode Capital Management LLC grew its position in shares of Lindblad Expeditions by 1.3% in the third quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock valued at $7,889,000 after purchasing an additional 11,029 shares during the period. Franklin Resources Inc. grew its position in shares of Lindblad Expeditions by 0.4% in the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock valued at $7,903,000 after purchasing an additional 3,016 shares during the period. Finally, State Street Corp grew its position 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 valued at $7,316,000 after purchasing an additional 4,552 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.