Lindblad Expeditions (NASDAQ:LIND) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Separately, Craig Hallum upped 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Stock Down 1.7 %

LIND opened at $10.98 on Monday. The business has a fifty day moving average of $12.06 and a 200 day moving average of $11.21. The stock has a market cap of $598.45 million, a P/E ratio of -14.64 and a beta of 3.11. Lindblad Expeditions has a 52-week low of $6.35 and a 52-week high of $14.34.

Insider Transactions at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions stock in a transaction 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. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 34.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Manchester Capital Management LLC lifted its stake in shares of Lindblad Expeditions by 91.3% in the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock valued at $34,000 after purchasing an additional 1,360 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Lindblad Expeditions during the 4th quarter worth approximately $38,000. Assetmark Inc. increased its stake in shares of Lindblad Expeditions by 49.6% during the third 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 lifted its stake in Lindblad Expeditions by 307.7% in the 3rd quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock valued at $74,000 after buying an additional 6,071 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Lindblad Expeditions in the fourth quarter valued at approximately $110,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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.