Lindblad Expeditions (NASDAQ:LIND) Stock Price Down 6.3% – Here’s Why

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) fell 6.3% during mid-day trading on Friday . The stock traded as low as $12.54 and last traded at $12.27. 19,716 shares were traded during mid-day trading, a decline of 93% from the average session volume of 263,700 shares. The stock had previously closed at $13.10.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Craig Hallum upped their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Trading Down 4.8 %

The company’s fifty day moving average is $12.24 and its 200-day moving average is $10.69. The firm has a market capitalization of $679.94 million, a P/E ratio of -16.61 and a beta of 3.11.

Insider Activity

In other news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions stock in a transaction that occurred 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 transaction, the director now owns 123,754 shares in the company, valued at approximately $1,455,347.04. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 34.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LIND. Dimensional Fund Advisors LP increased its position in Lindblad Expeditions by 14.7% in the second quarter. Dimensional Fund Advisors LP now owns 164,320 shares of the company’s stock worth $1,586,000 after purchasing an additional 21,078 shares during the period. Renaissance Technologies LLC grew its stake in shares of Lindblad Expeditions by 71.1% during the second quarter. Renaissance Technologies LLC now owns 39,700 shares of the company’s stock worth $383,000 after purchasing an additional 16,500 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Lindblad Expeditions during the second quarter valued at approximately $519,000. Algert Global LLC raised its holdings in Lindblad Expeditions by 24.4% in the second quarter. Algert Global LLC now owns 121,201 shares of the company’s stock worth $1,170,000 after purchasing an additional 23,806 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Lindblad Expeditions during the third quarter worth $139,000. 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.