Lindblad Expeditions (NASDAQ:LIND) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.11 and traded as high as $13.56. Lindblad Expeditions shares last traded at $13.20, with a volume of 468,077 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Craig Hallum increased their target price on shares of 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 analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

Lindblad Expeditions Stock Down 1.8 %

The firm has a market capitalization of $706.59 million, a PE ratio of -17.30 and a beta of 3.11. The firm's fifty day simple moving average is $12.13 and its 200-day simple moving average is $10.94.

Insider Activity

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 directly owns 123,754 shares in the company, valued at $1,455,347.04. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 34.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC increased its stake in Lindblad Expeditions by 1,139.4% in the 3rd 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 period. Barclays PLC boosted its stake in Lindblad Expeditions by 263.7% in 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 in the last quarter. Assetmark Inc. raised its position in Lindblad Expeditions by 49.6% during the 3rd 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. JPMorgan Chase & Co. raised its position in Lindblad Expeditions by 66.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company's stock worth $2,985,000 after buying an additional 128,610 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in shares of Lindblad Expeditions during the 3rd quarter valued at approximately $556,000. Institutional investors own 75.94% of the company's stock.

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.