Lindblad Expeditions (NASDAQ:LIND) Shares Down 2.8% Following Insider Selling

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) fell 2.8% on Thursday following insider selling activity. The company traded as low as $12.37 and last traded at $12.37. 28,331 shares traded hands during trading, a decline of 90% from the average session volume of 290,931 shares. The stock had previously closed at $12.73.

Specifically, Director John M. Fahey, Jr. sold 7,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $11.76, for a total value of $82,320.00. Following the completion of the sale, the director now directly owns 123,754 shares of the company’s stock, valued at $1,455,347.04. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. B. Riley boosted their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Craig Hallum increased their price objective on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Trading Down 5.5 %

The company has a market cap of $655.68 million, a PE ratio of -16.04 and a beta of 3.11. The firm’s fifty day moving average is $11.70 and its 200 day moving average is $9.93.

Institutional Investors Weigh In On Lindblad Expeditions

Large investors have recently modified their holdings of the business. Assetmark Inc. grew its holdings in Lindblad Expeditions by 49.6% in the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after buying an additional 1,722 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Lindblad Expeditions by 307.7% in the third 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 during the period. Arizona State Retirement System acquired a new stake in Lindblad Expeditions during the second quarter worth about $101,000. Paloma Partners Management Co purchased a new stake in shares of Lindblad Expeditions in the 3rd quarter valued at approximately $122,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Lindblad Expeditions during the 3rd quarter valued at approximately $139,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

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.