Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director Sells $82,320.00 in Stock

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director John M. Fahey, Jr. sold 7,000 shares of the company’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 sale, the director now owns 123,754 shares of the company’s stock, valued at $1,455,347.04. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $12.48 on Friday. Lindblad Expeditions Holdings, Inc. has a 52-week low of $6.35 and a 52-week high of $14.34. The company has a market cap of $680.21 million, a P/E ratio of -16.64 and a beta of 3.11. The stock’s 50-day moving average is $11.75 and its 200-day moving average is $9.95.

Wall Street Analyst Weigh In

LIND has been the subject of a number of analyst reports. Craig Hallum boosted their price target on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, B. Riley increased their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the company 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 given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $14.25.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. boosted its position in shares of 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 acquiring an additional 1,722 shares during the period. Franklin Resources Inc. raised its stake in Lindblad Expeditions by 0.4% during the 3rd 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Lindblad Expeditions by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company’s stock valued at $2,736,000 after purchasing an additional 3,087 shares during the period. Victory Capital Management Inc. grew its position in Lindblad Expeditions by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 96,400 shares of the company’s stock worth $930,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Lindblad Expeditions by 4.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 87,124 shares of the company’s stock worth $806,000 after purchasing an additional 3,693 shares during the period. Institutional investors and hedge funds 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.