Lindblad Expeditions (NASDAQ:LIND) Rating Lowered to "Hold" at Wall Street Zen

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Craig Hallum set a $16.00 target price on Lindblad Expeditions and gave the stock a "buy" rating in a research report on Friday, May 23rd.

Lindblad Expeditions Trading Down 5.0%

NASDAQ:LIND opened at $10.60 on Friday. The stock has a market cap of $579.90 million, a P/E ratio of -14.13 and a beta of 2.65. The stock's 50-day moving average is $9.72 and its 200-day moving average is $10.91. Lindblad Expeditions has a 1-year low of $6.76 and a 1-year high of $14.34.

Insider Buying and Selling at Lindblad Expeditions

In related news, Director Alex P. Schultz bought 36,375 shares of the company's stock in a transaction dated Monday, April 21st. The stock was purchased at an average price of $7.97 per share, for a total transaction of $289,908.75. Following the acquisition, the director now owns 283,323 shares in the company, valued at $2,258,084.31. This trade represents a 14.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 34.00% of the stock is owned by corporate insiders.

Institutional Trading of Lindblad Expeditions

Several large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Lindblad Expeditions by 4.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,292 shares of the company's stock worth $241,000 after purchasing an additional 912 shares during the period. Rhumbline Advisers lifted its stake in Lindblad Expeditions by 2.4% during the fourth quarter. Rhumbline Advisers now owns 50,598 shares of the company's stock worth $600,000 after purchasing an additional 1,167 shares in the last quarter. Graham Capital Management L.P. raised its stake in shares of Lindblad Expeditions by 4.3% in the fourth quarter. Graham Capital Management L.P. now owns 31,748 shares of the company's stock valued at $377,000 after acquiring an additional 1,315 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Lindblad Expeditions by 28.3% in the first quarter. Quantbot Technologies LP now owns 6,090 shares of the company's stock valued at $56,000 after acquiring an additional 1,345 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake in Lindblad Expeditions by 91.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock valued at $34,000 after buying an additional 1,360 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.

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