Lindblad Expeditions (NASDAQ:LIND) Shares Down 4.5% - Time to Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) dropped 4.5% during mid-day trading on Thursday . The company traded as low as $11.32 and last traded at $11.33. Approximately 125,573 shares changed hands during trading, a decline of 57% from the average daily volume of 290,462 shares. The stock had previously closed at $11.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LIND shares. Craig Hallum upped their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. StockNews.com raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

Lindblad Expeditions Stock Performance

The firm has a 50-day moving average of $12.21 and a 200-day moving average of $10.26. The firm has a market capitalization of $616.99 million, a P/E ratio of -15.09 and a beta of 3.10.

Insiders Place Their Bets

In other news, Director John M. Fahey, Jr. sold 7,000 shares of the company's stock in a transaction dated 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 owns 123,754 shares of the company's stock, valued at $1,455,347.04. This represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 34.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Lindblad Expeditions by 66.3% in the third quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company's stock worth $2,985,000 after acquiring an additional 128,610 shares during the period. Principal Financial Group Inc. boosted 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 worth $15,619,000 after purchasing an additional 26,647 shares during the period. Franklin Resources Inc. raised its position in shares of Lindblad Expeditions by 0.4% during the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company's stock valued at $7,903,000 after buying an additional 3,016 shares during the last quarter. Barclays PLC lifted its holdings in shares of Lindblad Expeditions by 263.7% in the third quarter. Barclays PLC now owns 60,234 shares of the company's stock worth $557,000 after buying an additional 43,671 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Lindblad Expeditions by 1.3% during the third 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 during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.