Lindblad Expeditions (NASDAQ:LIND) Shares Cross Below 50 Day Moving Average of $7.57

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.57 and traded as low as $7.05. Lindblad Expeditions shares last traded at $7.32, with a volume of 190,552 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LIND shares. StockNews.com upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price target on Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, April 2nd. Finally, Craig Hallum decreased their price objective on Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

Lindblad Expeditions Price Performance

The firm has a market capitalization of $391.84 million, a price-to-earnings ratio of -7.11 and a beta of 2.96. The stock has a fifty day moving average of $7.57 and a two-hundred day moving average of $8.70.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Tuesday, April 30th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $153.61 million during the quarter, compared to analysts’ expectations of $150.24 million. On average, research analysts forecast that Lindblad Expeditions Holdings, Inc. will post -0.44 EPS for the current year.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Alex P. Schultz purchased 25,294 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was purchased at an average cost of $7.69 per share, for a total transaction of $194,510.86. Following the acquisition, the director now owns 151,694 shares in the company, valued at approximately $1,166,526.86. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Alex P. Schultz acquired 33,016 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were bought at an average price of $7.47 per share, with a total value of $246,629.52. Following the transaction, the director now directly owns 126,400 shares of the company’s stock, valued at $944,208. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alex P. Schultz acquired 25,294 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were bought at an average cost of $7.69 per share, for a total transaction of $194,510.86. Following the transaction, the director now directly owns 151,694 shares in the company, valued at $1,166,526.86. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 60,810 shares of company stock worth $460,390. Company insiders own 34.30% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its position in shares of Lindblad Expeditions by 18.4% during the 3rd quarter. Stifel Financial Corp now owns 309,471 shares of the company’s stock worth $2,228,000 after purchasing an additional 48,155 shares in the last quarter. Ariel Investments LLC boosted its position in shares of Lindblad Expeditions by 13.3% during the 3rd quarter. Ariel Investments LLC now owns 8,472,058 shares of the company’s stock worth $60,999,000 after purchasing an additional 995,293 shares in the last quarter. Quest Partners LLC bought a new position in Lindblad Expeditions in the 4th quarter valued at about $200,000. Trexquant Investment LP lifted its position in Lindblad Expeditions by 5.0% in the 3rd quarter. Trexquant Investment LP now owns 70,904 shares of the company’s stock valued at $511,000 after acquiring an additional 3,371 shares in the last quarter. Finally, Hedges Asset Management LLC lifted its position in Lindblad Expeditions by 10.8% in the 4th quarter. Hedges Asset Management LLC now owns 132,800 shares of the company’s stock valued at $1,497,000 after acquiring an additional 12,900 shares in the last quarter. 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.