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

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.11 and traded as high as $13.56. Lindblad Expeditions shares last traded at $13.20, with a volume of 468,077 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum lifted their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Stock Up 4.8 %

The stock has a market cap of $719.45 million, a price-to-earnings ratio of -17.60 and a beta of 3.11. The stock has a fifty day moving average of $12.11 and a two-hundred day moving average of $10.87.

Insider Activity at Lindblad Expeditions

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 stock was sold at an average price of $11.76, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 34.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of Lindblad Expeditions by 1.6% during the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after purchasing an additional 26,647 shares in the last quarter. Black Diamond Financial LLC lifted its stake in shares of Lindblad Expeditions by 4.0% during the fourth quarter. Black Diamond Financial LLC now owns 940,912 shares of the company’s stock worth $11,159,000 after purchasing an additional 36,460 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Lindblad Expeditions by 1.3% during the third 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. Franklin Resources Inc. lifted its stake in shares of Lindblad Expeditions by 0.4% during the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock worth $7,903,000 after purchasing an additional 3,016 shares in the last quarter. Finally, State Street Corp lifted its stake 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 worth $7,316,000 after purchasing an additional 4,552 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.