Lindblad Expeditions (NASDAQ:LIND) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.87 and traded as high as $13.56. Lindblad Expeditions shares last traded at $13.20, with a volume of 468,077 shares trading hands.

Analyst Upgrades and Downgrades

LIND has been the topic of several research reports. Craig Hallum boosted their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Lindblad Expeditions currently has an average rating of "Moderate Buy" and a consensus price target of $14.25.

Lindblad Expeditions Trading Down 1.8 %

The firm's 50 day simple moving average is $12.13 and its 200-day simple moving average is $10.94. The stock has a market capitalization of $706.59 million, a price-to-earnings ratio of -17.30 and a beta of 3.11.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions 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 value of $82,320.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 34.30% of the company's stock.

Institutional Inflows and Outflows

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

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.