Lindblad Expeditions (NASDAQ:LIND) Shares Down 6.3% – Should You Sell?

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) were down 6.3% on Friday . The company traded as low as $12.54 and last traded at $12.27. Approximately 19,716 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 263,700 shares. The stock had previously closed at $13.10.

Analyst Ratings Changes

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

Lindblad Expeditions Stock Down 4.8 %

The firm has a market cap of $679.94 million, a PE ratio of -16.61 and a beta of 3.11. The firm has a 50 day moving average of $12.24 and a 200 day moving average of $10.69.

Insiders Place Their Bets

In related news, Director John M. Fahey, Jr. sold 7,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 123,754 shares of the company’s stock, valued at $1,455,347.04. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 34.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LIND. Manchester Capital Management LLC lifted its stake in shares of Lindblad Expeditions by 91.3% in the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock worth $34,000 after purchasing an additional 1,360 shares during the period. Villere ST Denis J & Co. LLC purchased a new stake in Lindblad Expeditions in the fourth quarter worth about $238,000. Rhumbline Advisers raised its stake in Lindblad Expeditions by 2.4% during the 4th quarter. Rhumbline Advisers now owns 50,598 shares of the company’s stock worth $600,000 after acquiring 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 worth approximately $38,000. Finally, SG Americas Securities LLC lifted 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 valued at $239,000 after purchasing an additional 5,132 shares in 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.