Lindblad Expeditions (NASDAQ:LIND) Stock Price Down 4.5% – Should You Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) shares dropped 4.5% on Thursday . The stock traded as low as $11.32 and last traded at $11.33. Approximately 125,573 shares changed hands during trading, a decline of 57% from the average daily volume of 290,462 shares. The stock had previously closed at $11.86.

Wall Street Analyst Weigh In

LIND has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Craig Hallum upped their price objective on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Stock Up 1.7 %

The business’s 50-day simple moving average is $12.25 and its two-hundred day simple moving average is $10.29. The stock has a market cap of $627.34 million, a P/E ratio of -15.35 and a beta of 3.11.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the firm’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 transaction, the director now owns 123,754 shares in the company, valued at $1,455,347.04. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 34.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Lindblad Expeditions by 66.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company’s stock worth $2,985,000 after acquiring an additional 128,610 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Lindblad Expeditions by 1.6% during the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after purchasing an additional 26,647 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Lindblad Expeditions by 0.4% in the third 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 during the last quarter. Barclays PLC raised its stake in Lindblad Expeditions by 263.7% in the third quarter. Barclays PLC now owns 60,234 shares of the company’s stock valued at $557,000 after purchasing an additional 43,671 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Lindblad Expeditions by 1.3% during the third quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock valued at $7,889,000 after purchasing an additional 11,029 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.