Lindblad Expeditions (NASDAQ:LIND) Stock Price Up 7.3% – Here’s Why

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price was up 7.3% during trading on Friday . The company traded as high as $13.47 and last traded at $13.50. Approximately 314,894 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 253,462 shares. The stock had previously closed at $12.59.

Analyst Ratings Changes

A number of equities analysts have commented on LIND shares. Craig Hallum lifted their price objective 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. StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Trading Up 4.8 %

The business’s 50 day moving average is $12.11 and its 200 day moving average is $10.89.

Insider Buying and Selling

In related news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $11.76, for a total transaction of $82,320.00. Following the completion of the sale, the director now owns 123,754 shares in the company, valued at $1,455,347.04. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 34.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lindblad Expeditions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings in Lindblad Expeditions by 3.7% during the 4th quarter. Northern Trust Corp now owns 315,853 shares of the company’s stock valued at $3,746,000 after buying an additional 11,129 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in Lindblad Expeditions by 23.2% during the 4th quarter. Tudor Investment Corp ET AL now owns 212,232 shares of the company’s stock valued at $2,517,000 after buying an additional 39,975 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in Lindblad Expeditions by 66.5% during the 4th quarter. Aquatic Capital Management LLC now owns 18,978 shares of the company’s stock valued at $225,000 after buying an additional 7,578 shares in the last quarter. Oberweis Asset Management Inc. bought a new stake in Lindblad Expeditions during the 4th quarter valued at about $3,155,000. Finally, Penn Capital Management Company LLC bought a new stake in Lindblad Expeditions during the 4th quarter valued at about $5,335,000. 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.