Lindblad Expeditions (NASDAQ:LIND) Trading 7.2% Higher – Still a Buy?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price traded up 7.2% during mid-day trading on Tuesday . The company traded as high as $12.85 and last traded at $12.98. 122,980 shares changed hands during trading, a decline of 46% from the average session volume of 227,180 shares. The stock had previously closed at $12.10.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LIND. StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum upped their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Lindblad Expeditions has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Trading Up 7.4 %

The company has a market capitalization of $708.50 million, a PE ratio of -17.33 and a beta of 3.11. The business has a fifty day moving average of $12.24 and a 200 day moving average of $10.64.

Insider Activity at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 7,000 shares of the business’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 transaction, the director now directly owns 123,754 shares of the company’s stock, valued at $1,455,347.04. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 34.30% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently made changes to their positions in LIND. Assetmark Inc. raised its holdings in 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 in the last quarter. Franklin Resources Inc. grew its stake in shares of Lindblad Expeditions by 0.4% during the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock worth $7,903,000 after purchasing an additional 3,016 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Lindblad Expeditions by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company’s stock valued at $2,736,000 after buying an additional 3,087 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in 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 buying an additional 3,693 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Lindblad Expeditions by 0.6% during the 3rd quarter. State Street Corp now owns 790,874 shares of the company’s stock worth $7,316,000 after acquiring an additional 4,552 shares in the last quarter. Hedge funds and other 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.