Lindblad Expeditions (NASDAQ:LIND) Shares Down 6.3% - Time to Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) shares fell 6.3% during trading on Friday . The company traded as low as $12.54 and last traded at $12.27. 19,716 shares changed hands during trading, a decline of 93% from the average session volume of 263,700 shares. The stock had previously closed at $13.10.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LIND. Craig Hallum raised their price target on 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.25.

Lindblad Expeditions Trading Up 1.4 %

The business's 50-day simple moving average is $12.23 and its 200 day simple moving average is $10.72. The firm has a market cap of $673.08 million, a PE ratio of -16.47 and a beta of 3.11.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the firm's 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 34.30% of the company's stock.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently modified their holdings of LIND. Quest Partners LLC lifted its holdings in Lindblad Expeditions by 1,139.4% in the third 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. Cubist Systematic Strategies LLC purchased a new position in Lindblad Expeditions in the 2nd quarter worth approximately $519,000. Barclays PLC boosted its holdings in shares of Lindblad Expeditions by 263.7% during the 3rd quarter. Barclays PLC now owns 60,234 shares of the company's stock worth $557,000 after purchasing an additional 43,671 shares during the last quarter. Assetmark Inc. boosted its stake in Lindblad Expeditions by 49.6% during the third quarter. Assetmark Inc. now owns 5,191 shares of the company's stock worth $48,000 after buying an additional 1,722 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Lindblad Expeditions by 66.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company's stock valued at $2,985,000 after buying an additional 128,610 shares in 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.