Lindblad Expeditions (NASDAQ:LIND) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Craig Hallum raised their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the stock 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Price Performance

The stock has a market capitalization of $632.79 million, a P/E ratio of -15.48 and a beta of 3.11. The company’s 50 day simple moving average is $12.45 and its two-hundred day simple moving average is $10.44.

Insider Buying and Selling

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the business’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 directly owns 123,754 shares of the company’s stock, valued at approximately $1,455,347.04. The trade was a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 34.30% of the stock is owned by corporate insiders.

Institutional Trading of Lindblad Expeditions

Several hedge funds have recently modified their holdings of LIND. Bank of New York Mellon Corp lifted its position in Lindblad Expeditions by 5.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,944 shares of the company’s stock valued at $1,119,000 after purchasing an additional 5,569 shares during the period. Victory Capital Management Inc. raised its stake in shares of Lindblad Expeditions by 3.3% during the second quarter. Victory Capital Management Inc. now owns 96,400 shares of the company’s stock worth $930,000 after buying an additional 3,100 shares during the last quarter. Arizona State Retirement System acquired a new position in Lindblad Expeditions in the second quarter valued at approximately $101,000. Dimensional Fund Advisors LP lifted its holdings in Lindblad Expeditions by 14.7% in the second quarter. Dimensional Fund Advisors LP now owns 164,320 shares of the company’s stock valued at $1,586,000 after buying an additional 21,078 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Lindblad Expeditions by 71.1% in the second quarter. Renaissance Technologies LLC now owns 39,700 shares of the company’s stock valued at $383,000 after acquiring an additional 16,500 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

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.