Lindblad Expeditions (NASDAQ:LIND) Trading Down 7.2% - Time to Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report)'s share price dropped 7.2% during mid-day trading on Thursday . The stock traded as low as $9.70 and last traded at $9.66. Approximately 107,114 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 287,709 shares. The stock had previously closed at $10.41.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lindblad Expeditions presently has an average rating of "Moderate Buy" and a consensus price target of $14.25.

Lindblad Expeditions Trading Up 0.1 %

The stock has a market cap of $561.69 million, a price-to-earnings ratio of -13.67 and a beta of 3.12. The stock's 50 day moving average is $11.77 and its two-hundred day moving average is $11.31.

Insider Transactions at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 7,000 shares of the firm's stock in a transaction 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 sale, the director now owns 123,754 shares in the company, valued at approximately $1,455,347.04. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 34.30% of the company's stock.

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Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds have recently added to or reduced their stakes in the business. Manchester Capital Management LLC boosted its position in shares of Lindblad Expeditions by 91.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock worth $34,000 after acquiring an additional 1,360 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Lindblad Expeditions in the fourth quarter worth approximately $38,000. Assetmark Inc. boosted its position in shares of 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 during the last quarter. Quantbot Technologies LP boosted its position in shares of Lindblad Expeditions by 307.7% in the third quarter. Quantbot Technologies LP now owns 8,044 shares of the company's stock worth $74,000 after acquiring an additional 6,071 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Lindblad Expeditions in the fourth quarter worth approximately $110,000. 75.94% of the stock is currently 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.