Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director Sells $82,320.00 in Stock

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) 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.

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

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.