Lindblad Expeditions (NASDAQ:LIND) Stock Price Down 4.5% – Time to Sell?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) shares dropped 4.5% on Friday . The company traded as low as $11.25 and last traded at $11.06. Approximately 64,199 shares traded hands during trading, a decline of 70% from the average daily volume of 211,535 shares. The stock had previously closed at $11.58.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Craig Hallum increased their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note 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. Based on data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

Lindblad Expeditions Price Performance

The stock’s 50 day simple moving average is $12.30 and its two-hundred day simple moving average is $10.59. The firm has a market cap of $612.58 million, a P/E ratio of -15.01 and a beta of 3.11.

Insider Activity at Lindblad Expeditions

In related 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 transaction, the director now owns 123,754 shares in the company, valued at $1,455,347.04. The trade was a 5.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 34.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LIND. Assetmark Inc. increased its position in shares of 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 acquiring an additional 1,722 shares in the last quarter. Quantbot Technologies LP increased 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 in the last quarter. Paloma Partners Management Co purchased a new position in shares of Lindblad Expeditions in the third quarter worth $122,000. Simon Quick Advisors LLC bought a new position in shares of Lindblad Expeditions during the fourth quarter valued at $126,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Lindblad Expeditions during the third quarter valued at $139,000. 75.94% of the stock is owned by hedge funds and other 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.