Lindblad Expeditions (NASDAQ:LIND) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.41 and traded as low as $11.17. Lindblad Expeditions shares last traded at $11.61, with a volume of 222,347 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Craig Hallum raised their price target 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 shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Stock Down 1.1 %

The stock has a market cap of $632.79 million, a P/E ratio of -15.48 and a beta of 3.11. The stock has a fifty day simple moving average of $12.41 and a 200-day simple moving average of $10.41.

Insider Activity at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $11.76, for a total transaction of $82,320.00. Following the transaction, the director now directly owns 123,754 shares of the company’s stock, valued at $1,455,347.04. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 34.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Anchor Capital Management Company LLC lifted its holdings in shares of Lindblad Expeditions by 51.3% during the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after purchasing an additional 449,098 shares in the last quarter. Portolan Capital Management LLC acquired a new position in shares of Lindblad Expeditions in the third quarter valued at approximately $2,399,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Lindblad Expeditions by 104.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 292,292 shares of the company’s stock worth $2,704,000 after acquiring an additional 149,409 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Lindblad Expeditions by 66.3% during the third quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company’s stock worth $2,985,000 after acquiring an additional 128,610 shares during the period. Finally, PDT Partners LLC acquired a new position in Lindblad Expeditions in the 3rd quarter worth $556,000. 75.94% of the stock is currently 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.