Lindblad Expeditions (NASDAQ:LIND) Shares Up 3.4%

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) rose 3.4% during mid-day trading on Tuesday . The stock traded as high as $10.98 and last traded at $10.95. Approximately 127,035 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 296,683 shares. The stock had previously closed at $10.59.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LIND. B. Riley upped their price objective on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Craig Hallum reduced their price target on shares of Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus lowered their target price on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Lindblad Expeditions has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Lindblad Expeditions Price Performance

The firm has a market capitalization of $547.11 million, a price-to-earnings ratio of -9.92 and a beta of 3.01. The firm’s fifty day moving average is $8.98 and its 200 day moving average is $8.43.

Insider Activity

In related news, insider Noah Brodsky sold 14,344 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the transaction, the insider now owns 58,518 shares of the company’s stock, valued at $614,439. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lindblad Expeditions news, CEO Sven-Olof Lindblad purchased 32,117 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the completion of the purchase, the chief executive officer now directly owns 11,825,063 shares of the company’s stock, valued at $94,009,250.85. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total transaction of $150,612.00. Following the sale, the insider now owns 58,518 shares in the company, valued at approximately $614,439. The disclosure for this sale can be found here. Insiders have bought a total of 88,156 shares of company stock valued at $669,250 over the last 90 days. 34.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD acquired a new stake in shares of Lindblad Expeditions in the 1st quarter valued at $95,000. Arizona State Retirement System acquired a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at $101,000. PFG Investments LLC acquired a new position in Lindblad Expeditions during the 1st quarter worth about $152,000. EntryPoint Capital LLC acquired a new position in Lindblad Expeditions during the 1st quarter worth about $176,000. Finally, Quest Partners LLC acquired a new position in Lindblad Expeditions during the 4th quarter worth about $200,000. Institutional investors and hedge funds 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.