Lindblad Expeditions (NASDAQ:LIND) Shares Down 9.9% – Should You Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price fell 9.9% during mid-day trading on Friday . The company traded as low as $11.30 and last traded at $11.17. 146,993 shares traded hands during trading, a decline of 44% from the average session volume of 261,330 shares. The stock had previously closed at $12.39.

Analysts Set New Price Targets

A number of brokerages have issued reports on LIND. StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Craig Hallum lifted their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Stock Performance

The firm’s 50 day moving average is $12.17 and its 200-day moving average is $11.06. The firm has a market cap of $605.50 million, a price-to-earnings ratio of -14.81 and a beta of 3.11.

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 on 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 transaction, the director now owns 123,754 shares of the company’s stock, valued at $1,455,347.04. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 34.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new position in Lindblad Expeditions during the 4th quarter worth $541,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Lindblad Expeditions by 10.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,635 shares of the company’s stock worth $660,000 after acquiring an additional 5,410 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Lindblad Expeditions during the 4th quarter worth $304,000. Two Sigma Advisers LP lifted its position in Lindblad Expeditions by 36.9% during the 4th quarter. Two Sigma Advisers LP now owns 240,600 shares of the company’s stock worth $2,854,000 after acquiring an additional 64,800 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Lindblad Expeditions by 50.4% during the 4th quarter. Two Sigma Investments LP now owns 252,458 shares of the company’s stock worth $2,994,000 after acquiring an additional 84,648 shares during the last quarter. Institutional investors and hedge funds 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.