Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) shares dropped 4.5% during mid-day trading on Friday . The company traded as low as $11.25 and last traded at $11.06. Approximately 64,199 shares traded hands during trading, a decline of 70% from the average daily volume of 211,535 shares. The stock had previously closed at $11.58.
Analysts Set New Price Targets
LIND has been the subject of a number of recent analyst reports. Craig Hallum lifted their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. StockNews.com raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Lindblad Expeditions presently has an average rating of "Moderate Buy" and an average price target of $14.25.
Get Our Latest Research Report on LIND
Lindblad Expeditions Price Performance
The company has a fifty day moving average price of $12.26 and a 200 day moving average price of $10.61. The company has a market cap of $622.94 million, a PE ratio of -15.24 and a beta of 3.11.
Insider Buying and Selling
In other news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total value of $82,320.00. Following the completion of the transaction, the director now owns 123,754 shares of the company's stock, valued at $1,455,347.04. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 34.30% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Portolan Capital Management LLC bought a new stake in Lindblad Expeditions in the 3rd quarter worth approximately $2,399,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Lindblad Expeditions by 104.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 292,292 shares of the company's stock valued at $2,704,000 after purchasing an additional 149,409 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Lindblad Expeditions by 66.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company's stock worth $2,985,000 after purchasing an additional 128,610 shares during the period. PDT Partners LLC bought a new position in shares of Lindblad Expeditions in the 3rd quarter worth approximately $556,000. Finally, Quest Partners LLC boosted its holdings in shares of Lindblad Expeditions by 1,139.4% in the third quarter. Quest Partners LLC now owns 60,880 shares of the company's stock worth $563,000 after buying an additional 55,968 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.
About Lindblad Expeditions
(
Get Free Report)
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.
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