Lindblad Expeditions (NASDAQ:LIND) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.11 and traded as high as $13.56. Lindblad Expeditions shares last traded at $13.20, with a volume of 468,077 shares trading hands.

Wall Street Analysts Forecast Growth

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

Lindblad Expeditions Trading Up 4.8 %

The stock’s fifty day moving average is $12.11 and its two-hundred day moving average is $10.89.

Insider Buying and Selling

In related news, Director John M. Fahey, Jr. sold 7,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 123,754 shares in the company, valued at approximately $1,455,347.04. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 34.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its stake in Lindblad Expeditions by 91.3% in the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock worth $34,000 after purchasing an additional 1,360 shares during the period. New York State Teachers Retirement System bought a new position in shares of Lindblad Expeditions during the 4th quarter valued at $38,000. Assetmark Inc. raised its holdings in shares of 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 in the last quarter. Quantbot Technologies LP raised its holdings in shares of 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 in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Lindblad Expeditions during the 4th quarter valued at $110,000. 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.