Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Get Free Report) Director John M. Fahey, Jr. sold 7,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 123,754 shares of the company's stock, valued at approximately $1,455,347.04. This represents a 5.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Lindblad Expeditions Stock Performance
Shares of LIND stock opened at $12.73 on Thursday. The firm has a market capitalization of $693.84 million, a PE ratio of -16.97 and a beta of 3.11. The stock has a fifty day simple moving average of $11.64 and a two-hundred day simple moving average of $9.91. Lindblad Expeditions Holdings, Inc. has a 52-week low of $6.35 and a 52-week high of $14.34.
Analysts Set New Price Targets
A number of equities analysts have issued reports on LIND shares. B. Riley increased their price objective on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Craig Hallum increased their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of "Moderate Buy" and an average target price of $14.25.
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Institutional Trading of Lindblad Expeditions
Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its stake in Lindblad Expeditions by 49.6% during the third quarter. Assetmark Inc. now owns 5,191 shares of the company's stock valued at $48,000 after purchasing an additional 1,722 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Lindblad Expeditions by 307.7% in the 3rd quarter. Quantbot Technologies LP now owns 8,044 shares of the company's stock worth $74,000 after purchasing an additional 6,071 shares during the period. Arizona State Retirement System purchased a new position in Lindblad Expeditions during the second quarter worth $101,000. Paloma Partners Management Co purchased a new stake in shares of Lindblad Expeditions in the third quarter valued at $122,000. Finally, SG Americas Securities LLC bought a new position in Lindblad Expeditions during the 3rd quarter valued at about $139,000. Hedge funds and other institutional investors own 75.94% of the company's stock.
Lindblad Expeditions Company Profile
(
Get Free Report)
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.
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