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 stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total transaction of $82,320.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lindblad Expeditions Price Performance

LIND traded up $0.79 during midday trading on Wednesday, hitting $12.73. 790,974 shares of the company’s stock traded hands, compared to its average volume of 292,104. The company has a market cap of $693.84 million, a PE ratio of -16.97 and a beta of 3.11. Lindblad Expeditions Holdings, Inc. has a one year low of $6.35 and a one year high of $14.34. The stock’s fifty day simple moving average is $11.64 and its 200-day simple moving average is $9.91.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LIND. StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. B. Riley upped their price target on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Craig Hallum increased their price objective on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of Lindblad Expeditions by 0.4% in the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock valued at $7,903,000 after buying an additional 3,016 shares during the period. Barclays PLC lifted its position in shares of Lindblad Expeditions by 263.7% in the 3rd quarter. Barclays PLC now owns 60,234 shares of the company’s stock worth $557,000 after acquiring an additional 43,671 shares during the period. Geode Capital Management LLC grew its holdings in shares of Lindblad Expeditions by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock worth $7,889,000 after purchasing an additional 11,029 shares in the last quarter. State Street Corp increased its position in shares of Lindblad Expeditions by 0.6% during the third quarter. State Street Corp now owns 790,874 shares of the company’s stock valued at $7,316,000 after purchasing an additional 4,552 shares during the period. Finally, Portolan Capital Management LLC bought a new stake in shares of Lindblad Expeditions during the third quarter valued at approximately $2,399,000. 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.