Lindblad Expeditions (NASDAQ:LIND) Stock Crosses Above 200 Day Moving Average – Here’s Why

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.87 and traded as high as $13.56. Lindblad Expeditions shares last traded at $13.20, with a volume of 468,077 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on LIND shares. StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Craig Hallum raised their price target 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Stock Up 4.8 %

The firm has a 50 day simple moving average of $12.11 and a 200-day simple moving average of $10.87. The company has a market cap of $719.45 million, a PE ratio of -17.60 and a beta of 3.11.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions 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 transaction, the director now owns 123,754 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 34.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Several institutional investors have recently added to or reduced their stakes in LIND. Penn Capital Management Company LLC acquired a new stake in Lindblad Expeditions in the fourth quarter worth about $5,335,000. Arrowstreet Capital Limited Partnership acquired a new stake in Lindblad Expeditions in the fourth quarter worth about $4,610,000. New York State Common Retirement Fund boosted its holdings in Lindblad Expeditions by 3,496.6% in the fourth quarter. New York State Common Retirement Fund now owns 331,034 shares of the company’s stock worth $3,926,000 after acquiring an additional 321,830 shares in the last quarter. Portolan Capital Management LLC boosted its holdings in Lindblad Expeditions by 109.9% in the fourth quarter. Portolan Capital Management LLC now owns 544,273 shares of the company’s stock worth $6,455,000 after acquiring an additional 284,930 shares in the last quarter. Finally, Oberweis Asset Management Inc. acquired a new stake in Lindblad Expeditions in the fourth quarter worth about $3,155,000. Institutional investors and hedge funds 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.