Lindblad Expeditions (NASDAQ:LIND) Trading Down 9.9% – Should You Sell?

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) fell 9.9% during mid-day trading on Friday . The company traded as low as $11.30 and last traded at $11.17. 146,993 shares changed hands during trading, a decline of 44% from the average session volume of 261,330 shares. The stock had previously closed at $12.39.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LIND. Craig Hallum increased their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Stock Down 10.5 %

The stock has a 50 day simple moving average of $12.19 and a 200 day simple moving average of $11.01. The company has a market capitalization of $604.68 million, a price-to-earnings ratio of -14.79 and a beta of 3.11.

Insider Buying and Selling

In related news, Director John M. Fahey, Jr. sold 7,000 shares of the 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 directly owns 123,754 shares in the company, valued at approximately $1,455,347.04. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 34.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC grew its holdings in Lindblad Expeditions by 1,139.4% during the 3rd quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock worth $563,000 after acquiring an additional 55,968 shares during the period. Barclays PLC lifted its position in Lindblad Expeditions by 263.7% during the 3rd quarter. Barclays PLC now owns 60,234 shares of the company’s stock worth $557,000 after buying an additional 43,671 shares in the last quarter. Assetmark Inc. increased its stake in shares of Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock worth $48,000 after purchasing an additional 1,722 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Lindblad Expeditions by 66.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company’s stock worth $2,985,000 after purchasing an additional 128,610 shares during the last quarter. Finally, PDT Partners LLC bought a new position in Lindblad Expeditions in the 3rd quarter valued at about $556,000. Institutional investors 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.