Lindblad Expeditions (NASDAQ:LIND) Stock Price Down 5.4% – Here’s What Happened

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) fell 5.4% during trading on Friday . The company traded as low as $9.51 and last traded at $9.68. 211,368 shares were traded during mid-day trading, a decline of 27% from the average session volume of 289,223 shares. The stock had previously closed at $10.23.

Analyst Ratings Changes

Separately, StockNews.com lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.25.

Lindblad Expeditions Stock Performance

The business has a fifty day simple moving average of $11.64 and a 200 day simple moving average of $11.30. The stock has a market capitalization of $528.12 million, a price-to-earnings ratio of -12.92 and a beta of 3.12.

Institutional Trading of Lindblad Expeditions

Several institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC increased its stake in shares of Lindblad Expeditions by 1,139.4% in the third quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock valued at $563,000 after buying an additional 55,968 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Lindblad Expeditions by 104.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 292,292 shares of the company’s stock valued at $2,704,000 after acquiring an additional 149,409 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 purchasing an additional 3,087 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Lindblad Expeditions by 307.7% in the third quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock valued at $74,000 after purchasing an additional 6,071 shares in the last quarter. Finally, PDT Partners LLC bought a new position in shares of Lindblad Expeditions in the third quarter valued at approximately $556,000. 75.94% of the stock is currently owned by institutional investors.

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.