Lindblad Expeditions (NASDAQ:LIND) Stock Price Down 5.4% - What's Next?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report)'s share price fell 5.4% during mid-day trading on Friday . The stock traded as low as $9.51 and last traded at $9.68. 211,368 shares were traded during trading, a decline of 27% from the average session volume of 289,223 shares. The stock had previously closed at $10.23.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $14.25.

Lindblad Expeditions Price Performance

The firm has a market capitalization of $557.60 million, a price-to-earnings ratio of -13.71 and a beta of 3.12. The company's 50-day moving average is $11.58 and its 200-day moving average is $11.33.

Institutional Trading of Lindblad Expeditions

A number of hedge funds have recently made changes to their positions in LIND. Manchester Capital Management LLC boosted its holdings in shares of Lindblad Expeditions by 91.3% in the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock valued at $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 in the 4th quarter worth approximately $38,000. Quantbot Technologies LP grew its stake 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 buying an additional 6,071 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Lindblad Expeditions in the fourth quarter worth $110,000. Finally, ProShare Advisors LLC acquired a new position in shares of Lindblad Expeditions during the fourth quarter valued at $120,000. Institutional investors and hedge funds own 75.94% of the company's stock.

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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.