Lindblad Expeditions (NASDAQ:LIND) Stock Price Up 7.2% – What’s Next?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s share price traded up 7.2% on Tuesday . The company traded as high as $12.85 and last traded at $12.98. 122,980 shares were traded during trading, a decline of 46% from the average session volume of 227,180 shares. The stock had previously closed at $12.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in 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 boosted their price target on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.25.

Lindblad Expeditions Stock Up 0.9 %

The firm has a market cap of $713.95 million, a P/E ratio of -17.47 and a beta of 3.11. The business’s 50 day moving average is $12.24 and its two-hundred day moving average is $10.69.

Insider Transactions at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 7,000 shares of the company’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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 34.30% of the company’s stock.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its stake in Lindblad Expeditions by 91.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock valued at $34,000 after acquiring an additional 1,360 shares during the period. Villere ST Denis J & Co. LLC bought a new position in shares of Lindblad Expeditions in the 4th quarter worth $238,000. Rhumbline Advisers grew its position in Lindblad Expeditions by 2.4% in the 4th quarter. Rhumbline Advisers now owns 50,598 shares of the company’s stock valued at $600,000 after purchasing an additional 1,167 shares during the period. New York State Teachers Retirement System bought a new stake in Lindblad Expeditions during the 4th quarter valued at $38,000. Finally, SG Americas Securities LLC raised its holdings in Lindblad Expeditions by 34.1% during the fourth quarter. SG Americas Securities LLC now owns 20,177 shares of the company’s stock worth $239,000 after buying an additional 5,132 shares during the last quarter. 75.94% of the stock is owned by 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.