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

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report)'s share price was down 2.8% during trading on Thursday following insider selling activity. The company traded as low as $12.37 and last traded at $12.37. Approximately 28,331 shares traded hands during mid-day trading, a decline of 90% from the average daily 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 firm's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total transaction of $82,320.00. Following the completion of the transaction, the director now owns 123,754 shares of the company's stock, valued at approximately $1,455,347.04. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

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

Lindblad Expeditions Stock Down 5.5 %

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

Institutional Investors Weigh In On Lindblad Expeditions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quest Partners LLC lifted its stake in Lindblad Expeditions by 1,139.4% during the 3rd quarter. Quest Partners LLC now owns 60,880 shares of the company's stock valued at $563,000 after acquiring an additional 55,968 shares during the period. Anchor Capital Management Company LLC raised its holdings in shares of Lindblad Expeditions by 51.3% during the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company's stock valued at $12,788,000 after purchasing an additional 449,098 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Lindblad Expeditions during the second quarter valued at approximately $519,000. Assetmark Inc. boosted its holdings in Lindblad Expeditions by 49.6% in 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 during the last quarter. Finally, PDT Partners LLC bought a new stake in Lindblad Expeditions in the 3rd quarter worth approximately $556,000. 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.