Lindblad Expeditions (NASDAQ:LIND) Stock Rating Lowered by Wall Street Zen

Lindblad Expeditions (NASDAQ:LIND) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Craig Hallum set a $16.00 price target on Lindblad Expeditions and gave the company a “buy” rating in a report on Friday, May 23rd.

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $10.60 on Friday. Lindblad Expeditions has a 1 year low of $6.76 and a 1 year high of $14.34. The stock has a market cap of $579.90 million, a P/E ratio of -14.13 and a beta of 2.65. The stock has a 50-day simple moving average of $9.72 and a 200-day simple moving average of $10.89.

Insider Activity at Lindblad Expeditions

In other news, Director Alex P. Schultz acquired 36,375 shares of the company’s stock in a transaction on Monday, April 21st. The shares were bought at an average price of $7.97 per share, with a total value of $289,908.75. Following the completion of the acquisition, the director now owns 283,323 shares in the company, valued at $2,258,084.31. This trade represents a 14.73% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 34.00% of the stock is owned by corporate insiders.

Institutional Trading of Lindblad Expeditions

A number of large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in Lindblad Expeditions by 29.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,762 shares of the company’s stock worth $176,000 after buying an additional 3,381 shares during the period. JPMorgan Chase & Co. grew its position in shares of Lindblad Expeditions by 59.4% during the fourth quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company’s stock worth $6,099,000 after acquiring an additional 191,546 shares during the last quarter. Villere ST Denis J & Co. LLC acquired a new position in shares of Lindblad Expeditions in the 4th quarter valued at $238,000. Two Sigma Advisers LP increased its holdings in shares of Lindblad Expeditions by 36.9% in the 4th quarter. Two Sigma Advisers LP now owns 240,600 shares of the company’s stock valued at $2,854,000 after acquiring an additional 64,800 shares during the period. Finally, New York State Common Retirement Fund raised its position in Lindblad Expeditions by 3,496.6% in the 4th quarter. New York State Common Retirement Fund now owns 331,034 shares of the company’s stock valued at $3,926,000 after purchasing an additional 321,830 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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.