Lindblad Expeditions (NASDAQ:LIND) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

Lindblad Expeditions (NASDAQ:LIND - Get Free Report)'s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.24 and traded as low as $12.58. Lindblad Expeditions shares last traded at $12.61, with a volume of 259,102 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LIND. Stifel Nicolaus set a $18.00 price objective on shares of Lindblad Expeditions and gave the stock a "buy" rating in a report on Tuesday, August 5th. Zacks Research raised shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Wall Street Zen upgraded shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.00.

Lindblad Expeditions Trading Down 1.6%

The firm has a market cap of $690.90 million, a price-to-earnings ratio of -42.03 and a beta of 2.58. The firm has a 50 day moving average price of $13.24 and a 200-day moving average price of $11.66.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.11. The firm had revenue of $167.95 million during the quarter, compared to analyst estimates of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Benjamin Bressler sold 200,700 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $14.19, for a total value of $2,847,933.00. Following the completion of the transaction, the chief executive officer owned 23,466 shares of the company's stock, valued at approximately $332,982.54. The trade was a 89.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Trey Byus sold 16,585 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $14.88, for a total transaction of $246,784.80. Following the completion of the transaction, the insider directly owned 128,996 shares of the company's stock, valued at $1,919,460.48. The trade was a 11.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 521,228 shares of company stock valued at $7,292,752 in the last three months. 34.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Lindblad Expeditions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIND. Driehaus Capital Management LLC purchased a new stake in Lindblad Expeditions in the 1st quarter valued at about $5,900,000. Penn Capital Management Company LLC grew its holdings in shares of Lindblad Expeditions by 110.0% during the 1st quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company's stock worth $8,766,000 after purchasing an additional 494,709 shares during the period. Ariel Investments LLC grew its holdings in shares of Lindblad Expeditions by 6.0% during the 1st quarter. Ariel Investments LLC now owns 7,777,768 shares of the company's stock worth $72,100,000 after purchasing an additional 441,046 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Lindblad Expeditions by 106.9% during the 1st quarter. New York State Common Retirement Fund now owns 684,851 shares of the company's stock worth $6,349,000 after purchasing an additional 353,817 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Lindblad Expeditions by 108.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company's stock worth $6,920,000 after purchasing an additional 308,463 shares during the period. Hedge funds and other institutional investors 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.

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