Lindblad Expeditions (NASDAQ:LIND) Rating Lowered to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a research note published on Saturday.

Separately, Craig Hallum set a $16.00 price target on Lindblad Expeditions and gave the stock a “buy” rating in a research note on Friday, May 23rd.

Lindblad Expeditions Stock Performance

NASDAQ LIND opened at $11.07 on Friday. The company has a fifty day moving average of $9.78 and a 200-day moving average of $10.88. Lindblad Expeditions has a 52-week low of $6.76 and a 52-week high of $14.34. The company has a market capitalization of $605.62 million, a P/E ratio of -14.76 and a beta of 2.65.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Alex P. Schultz acquired 36,375 shares of the stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the acquisition, the director now owns 283,323 shares in the company, valued at $2,258,084.31. The trade was a 14.73% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 34.00% of the company’s stock.

Institutional Trading of Lindblad Expeditions

Several hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Lindblad Expeditions by 29.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,762 shares of the company’s stock valued at $176,000 after acquiring an additional 3,381 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Lindblad Expeditions by 59.4% in the 4th quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company’s stock valued at $6,099,000 after acquiring an additional 191,546 shares during the last quarter. Villere ST Denis J & Co. LLC bought a new stake in Lindblad Expeditions in the fourth quarter valued at approximately $238,000. Two Sigma Advisers LP lifted its position in Lindblad Expeditions by 36.9% in the fourth quarter. Two Sigma Advisers LP now owns 240,600 shares of the company’s stock valued at $2,854,000 after purchasing an additional 64,800 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Lindblad Expeditions in the fourth quarter valued at approximately $304,000. 75.94% of the stock is owned by 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.