Lindblad Expeditions (NASDAQ:LIND) Trading 7.2% Higher – What’s Next?

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

Analysts Set New Price Targets

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

Lindblad Expeditions Stock Performance

The company has a market cap of $713.95 million, a PE ratio of -17.47 and a beta of 3.11. The company’s 50 day moving average price is $12.24 and its 200-day moving average price is $10.69.

Insiders Place Their Bets

In other news, Director John M. Fahey, Jr. sold 7,000 shares of the business’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 sale, the director now owns 123,754 shares of the company’s stock, 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 SEC, which is available at the SEC website. Company insiders own 34.30% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

A number of hedge funds and other institutional investors have recently bought and sold shares of LIND. Manchester Capital Management LLC boosted its holdings in shares of Lindblad Expeditions by 91.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock worth $34,000 after acquiring an additional 1,360 shares during the period. Villere ST Denis J & Co. LLC bought a new stake in shares of Lindblad Expeditions during the 4th quarter valued at $238,000. Rhumbline Advisers lifted its holdings 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 purchasing an additional 1,167 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Lindblad Expeditions during the 4th quarter valued at about $38,000. Finally, SG Americas Securities LLC increased its position in shares of 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 buying an additional 5,132 shares during the period. 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.