Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Sees Large Decline in Short Interest

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,250,000 shares, a decline of 15.7% from the February 28th total of 2,670,000 shares. Approximately 6.1% of the shares of the company are sold short. Based on an average daily volume of 314,800 shares, the short-interest ratio is presently 7.1 days.

Lindblad Expeditions Price Performance

Shares of LIND opened at $9.27 on Tuesday. Lindblad Expeditions has a 12 month low of $6.35 and a 12 month high of $14.34. The stock has a fifty day moving average price of $11.38 and a 200 day moving average price of $11.35. The company has a market cap of $506.01 million, a P/E ratio of -12.36 and a beta of 3.12.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Lindblad Expeditions by 1.1% during the 3rd 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 during the period. Quantbot Technologies LP boosted its position in shares of Lindblad Expeditions by 307.7% during the third quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock worth $74,000 after buying an additional 6,071 shares during the period. PDT Partners LLC bought a new position in Lindblad Expeditions in the 3rd quarter worth approximately $556,000. Paloma Partners Management Co acquired a new stake in Lindblad Expeditions in the 3rd quarter valued at approximately $122,000. Finally, Jacobs Levy Equity Management Inc. raised its stake 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 valued at $806,000 after acquiring an additional 3,693 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

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.