Lindblad Expeditions (NASDAQ:LIND) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a research report sent to investors on Monday.

Separately, Craig Hallum boosted their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Trading Down 1.7 %

Shares of LIND opened at $10.60 on Monday. The stock has a 50-day moving average price of $12.01 and a 200-day moving average price of $11.26. The company has a market cap of $577.74 million, a PE ratio of -14.13 and a beta of 3.11. Lindblad Expeditions has a 12-month low of $6.35 and a 12-month high of $14.34.

Insider Activity at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 7,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $11.76, for a total value of $82,320.00. Following the completion of the sale, the director now owns 123,754 shares of the company’s stock, valued at approximately $1,455,347.04. This represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 34.30% of the stock is currently owned by insiders.

Institutional Trading of Lindblad Expeditions

Hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp purchased a new position in shares of Lindblad Expeditions in the fourth quarter worth about $541,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Lindblad Expeditions by 10.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,635 shares of the company’s stock worth $660,000 after acquiring an additional 5,410 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Lindblad Expeditions in the 4th quarter worth approximately $304,000. Two Sigma Advisers LP lifted its position in Lindblad Expeditions by 36.9% in the fourth quarter. Two Sigma Advisers LP now owns 240,600 shares of the company’s stock valued at $2,854,000 after purchasing an additional 64,800 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Lindblad Expeditions by 50.4% during the fourth quarter. Two Sigma Investments LP now owns 252,458 shares of the company’s stock valued at $2,994,000 after purchasing an additional 84,648 shares during the period. 75.94% of the stock is owned by institutional investors.

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.