Lindblad Expeditions (NASDAQ:LIND) Downgraded to Hold Rating by StockNews.com

Lindblad Expeditions (NASDAQ:LIND) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Separately, Craig Hallum upped their price objective on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

Lindblad Expeditions Stock Down 1.7 %

Shares of Lindblad Expeditions stock traded down $0.19 on Monday, hitting $10.98. 332,520 shares of the company’s stock traded hands, compared to its average volume of 301,510. The firm’s 50-day moving average is $12.06 and its 200 day moving average is $11.21. The stock has a market cap of $598.45 million, a P/E ratio of -14.64 and a beta of 3.11. Lindblad Expeditions has a 52-week low of $6.35 and a 52-week high of $14.34.

Insider Buying and Selling

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the company’s 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 owns 123,754 shares in the company, valued at approximately $1,455,347.04. This represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 34.30% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp bought a new position in shares of Lindblad Expeditions in the fourth quarter worth $541,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Lindblad Expeditions by 10.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,635 shares of the company’s stock valued at $660,000 after buying an additional 5,410 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Lindblad Expeditions in the 4th quarter worth approximately $304,000. Two Sigma Advisers LP boosted its holdings in shares of Lindblad Expeditions by 36.9% in the fourth quarter. Two Sigma Advisers LP now owns 240,600 shares of the company’s stock valued at $2,854,000 after acquiring an additional 64,800 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Lindblad Expeditions by 50.4% during the fourth quarter. Two Sigma Investments LP now owns 252,458 shares of the company’s stock valued at $2,994,000 after acquiring an additional 84,648 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.