Lindblad Expeditions (NASDAQ:LIND) Shares Pass Below 50 Day Moving Average - What's Next?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report)'s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.41 and traded as low as $11.17. Lindblad Expeditions shares last traded at $11.61, with a volume of 222,347 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Craig Hallum increased their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

Lindblad Expeditions Stock Down 1.1 %

The company has a market capitalization of $632.79 million, a P/E ratio of -15.48 and a beta of 3.11. The company's 50-day moving average is $12.45 and its two-hundred day moving average is $10.44.

Insider Buying and Selling at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 7,000 shares of the business'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. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 34.30% of the company's stock.

Hedge Funds Weigh In On Lindblad Expeditions

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in shares of Lindblad Expeditions by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 115,944 shares of the company's stock worth $1,119,000 after purchasing an additional 5,569 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Lindblad Expeditions by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 96,400 shares of the company's stock worth $930,000 after purchasing an additional 3,100 shares in the last quarter. Arizona State Retirement System purchased a new stake in shares of Lindblad Expeditions in the 2nd quarter worth about $101,000. Los Angeles Capital Management LLC boosted its stake in shares of Lindblad Expeditions by 54.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 93,997 shares of the company's stock valued at $907,000 after purchasing an additional 33,060 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Lindblad Expeditions by 14.7% during the second quarter. Dimensional Fund Advisors LP now owns 164,320 shares of the company's stock valued at $1,586,000 after buying an additional 21,078 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

About Lindblad Expeditions

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.