Lindblad Expeditions (NASDAQ:LIND) Trading 7.2% Higher - Time to Buy?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) shares rose 7.2% during trading on Tuesday . The company traded as high as $12.85 and last traded at $12.98. Approximately 122,980 shares changed hands during trading, a decline of 46% from the average daily volume of 227,180 shares. The stock had previously closed at $12.10.

Analyst Upgrades and Downgrades

LIND has been the subject of several research analyst reports. Craig Hallum lifted their price objective on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. StockNews.com raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lindblad Expeditions has an average rating of "Moderate Buy" and an average price target of $14.25.

Lindblad Expeditions Price Performance

The stock has a market cap of $693.24 million, a price-to-earnings ratio of -16.96 and a beta of 3.11. The firm's fifty day moving average price is $12.24 and its two-hundred day moving average price is $10.71.

Insiders Place Their Bets

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 shares were sold at an average price of $11.76, for a total transaction of $82,320.00. Following the completion of the sale, the director now directly owns 123,754 shares of the company's stock, valued at $1,455,347.04. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 34.30% of the company's stock.

Hedge Funds Weigh In On Lindblad Expeditions

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in Lindblad Expeditions by 1.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company's stock worth $15,619,000 after acquiring an additional 26,647 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Lindblad Expeditions by 1.3% during the third quarter. Geode Capital Management LLC now owns 852,669 shares of the company's stock worth $7,889,000 after purchasing an additional 11,029 shares during the last quarter. Franklin Resources Inc. grew its position in Lindblad Expeditions by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 818,963 shares of the company's stock worth $7,903,000 after purchasing an additional 3,016 shares in the last quarter. State Street Corp grew its position in Lindblad Expeditions by 0.6% in the 3rd quarter. State Street Corp now owns 790,874 shares of the company's stock worth $7,316,000 after purchasing an additional 4,552 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in Lindblad Expeditions by 1.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company's stock valued at $5,569,000 after buying an additional 6,267 shares during the last quarter. 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.