Lindblad Expeditions (NASDAQ:LIND) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.87 and traded as high as $13.56. Lindblad Expeditions shares last traded at $13.20, with a volume of 468,077 shares traded.

Analyst Ratings Changes

Several equities research analysts have weighed in on LIND shares. StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Craig Hallum boosted their price target on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Stock Performance

The company has a 50-day moving average of $12.11 and a 200-day moving average of $10.89.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total transaction of $82,320.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Lindblad Expeditions

Several large investors have recently added to or reduced their stakes in LIND. Manchester Capital Management LLC grew its stake in Lindblad Expeditions by 91.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock valued at $34,000 after purchasing an additional 1,360 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Lindblad Expeditions during the 4th quarter valued at about $38,000. Assetmark Inc. grew its stake in Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after purchasing an additional 1,722 shares during the last quarter. Quantbot Technologies LP grew its stake in Lindblad Expeditions by 307.7% during the 3rd 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 during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Lindblad Expeditions in the fourth quarter worth about $110,000. Hedge funds and other 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.