Lindblad Expeditions (NASDAQ:LIND) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.48 and traded as low as $9.35. Lindblad Expeditions shares last traded at $9.90, with a volume of 137,555 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 9th. B. Riley upped their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Lindblad Expeditions Stock Up 0.4 %

The company has a market cap of $514.99 million, a PE ratio of -9.34 and a beta of 3.03. The company’s fifty day moving average is $9.52 and its 200-day moving average is $8.65.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The company had revenue of $136.50 million during the quarter, compared to the consensus estimate of $137.39 million. Equities research analysts expect that Lindblad Expeditions Holdings, Inc. will post -0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the transaction, the insider now directly owns 58,518 shares in the company, valued at approximately $614,439. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Sven-Olof Lindblad acquired 32,117 shares of Lindblad Expeditions stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of $7.95 per share, with a total value of $255,330.15. Following the completion of the purchase, the chief executive officer now directly owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Noah Brodsky sold 14,344 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the sale, the insider now owns 58,518 shares in the company, valued at $614,439. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 72,203 shares of company stock valued at $549,922. 34.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Lindblad Expeditions

A number of institutional investors have recently bought and sold shares of the business. Anchor Capital Management Company LLC lifted its holdings in shares of Lindblad Expeditions by 51.3% in the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after buying an additional 449,098 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Lindblad Expeditions during the 2nd quarter valued at $519,000. Dimensional Fund Advisors LP boosted its position in shares of Lindblad Expeditions by 14.7% during 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. Renaissance Technologies LLC boosted its holdings in Lindblad Expeditions by 71.1% during the 2nd 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 period. Finally, GSA Capital Partners LLP grew its stake in Lindblad Expeditions by 241.9% in the 1st quarter. GSA Capital Partners LLP now owns 48,925 shares of the company’s stock worth $456,000 after acquiring an additional 34,614 shares in the last quarter. Hedge funds and other 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.