Lindblad Expeditions (NASDAQ:LIND) Shares Gap Up - Here's Why

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $12.60, but opened at $12.98. Lindblad Expeditions shares last traded at $13.03, with a volume of 12,072 shares traded.

Wall Street Analyst Weigh In

LIND has been the subject of several analyst reports. Stifel Nicolaus cut their target price on Lindblad Expeditions from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, August 9th. StockNews.com raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. B. Riley raised their price objective on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Finally, Craig Hallum boosted their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $14.25.

Lindblad Expeditions Stock Performance

The company has a 50-day moving average of $10.88 and a 200-day moving average of $9.49. The firm has a market capitalization of $722.72 million, a price-to-earnings ratio of -17.68 and a beta of 3.02.

Hedge Funds Weigh In On Lindblad Expeditions

A number of large investors have recently added to or reduced their stakes in LIND. Vanguard Group Inc. boosted its position in shares of Lindblad Expeditions by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company's stock worth $18,651,000 after buying an additional 31,921 shares during the period. Principal Financial Group Inc. lifted its stake in Lindblad Expeditions by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company's stock valued at $15,619,000 after acquiring an additional 26,647 shares in the last quarter. Anchor Capital Management Company LLC boosted its position in Lindblad Expeditions by 51.3% during the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company's stock worth $12,788,000 after acquiring an additional 449,098 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Lindblad Expeditions by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 852,669 shares of the company's stock worth $7,889,000 after acquiring an additional 11,029 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Lindblad Expeditions by 0.4% in the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company's stock valued at $7,903,000 after purchasing an additional 3,016 shares during 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.