Lindblad Expeditions (NASDAQ:LIND) Stock Price Up 7.3% - Should You Buy?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) shares were up 7.3% on Friday . The company traded as high as $13.47 and last traded at $13.50. Approximately 314,894 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 253,462 shares. The stock had previously closed at $12.59.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Craig Hallum raised their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. StockNews.com upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. One investment 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $14.25.

Lindblad Expeditions Stock Performance

The stock has a market cap of $719.35 million, a price-to-earnings ratio of -17.47 and a beta of 3.11. The business's 50 day moving average is $12.13 and its 200 day 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 transaction, the director now owns 123,754 shares in the company, valued at approximately $1,455,347.04. This represents a 5.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 34.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lindblad Expeditions

A number of institutional investors have recently modified their holdings of LIND. Manchester Capital Management LLC boosted its position in Lindblad Expeditions by 91.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock valued at $34,000 after purchasing an additional 1,360 shares during the last quarter. New York State Teachers Retirement System bought a new position in Lindblad Expeditions during the fourth quarter valued at approximately $38,000. Assetmark Inc. grew its position in Lindblad Expeditions by 49.6% in the third quarter. Assetmark Inc. now owns 5,191 shares of the company's stock worth $48,000 after acquiring an additional 1,722 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of 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 purchasing an additional 6,071 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Lindblad Expeditions during the 4th quarter valued at $110,000. Institutional investors and hedge funds 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.