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

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price fell 9.9% during trading on Friday . The stock 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.

Wall Street Analyst Weigh In

Several brokerages recently commented on LIND. StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Craig Hallum lifted their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Stock Down 10.3 %

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

Insiders Place Their Bets

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions 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 transaction, the director now directly 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 SEC, which is accessible through this hyperlink. Corporate insiders own 34.30% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its position in Lindblad Expeditions by 91.3% during 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 in the last quarter. New York State Teachers Retirement System purchased a new position in Lindblad Expeditions during the 4th quarter worth approximately $38,000. Assetmark Inc. grew its position in Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock worth $48,000 after purchasing an additional 1,722 shares in the last quarter. Quantbot Technologies LP grew its position in Lindblad Expeditions by 307.7% during the 3rd quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock worth $74,000 after purchasing an additional 6,071 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Lindblad Expeditions during the 4th quarter worth approximately $110,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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.