Lindblad Expeditions (NASDAQ:LIND) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) from a hold rating to a buy rating in a research note issued to investors on Friday.

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

Lindblad Expeditions Stock Performance

LIND traded up $0.06 on Friday, hitting $10.98. 162,426 shares of the company were exchanged, compared to its average volume of 305,297. The business's fifty day moving average is $9.44 and its 200 day moving average is $10.97. Lindblad Expeditions has a fifty-two week low of $6.76 and a fifty-two week high of $14.34. The firm has a market capitalization of $600.69 million, a P/E ratio of -14.64 and a beta of 2.65.

Insider Activity at Lindblad Expeditions

In other news, Director Alex P. Schultz acquired 36,375 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $7.97 per share, with a total value of $289,908.75. Following the completion of the purchase, the director now owns 283,323 shares of the company's stock, valued at approximately $2,258,084.31. This represents a 14.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 34.30% of the company's stock.

Hedge Funds Weigh In On Lindblad Expeditions

Several institutional investors and hedge funds have recently bought and sold shares of LIND. Driehaus Capital Management LLC acquired a new position in Lindblad Expeditions during the first quarter worth approximately $5,900,000. Penn Capital Management Company LLC increased its position in Lindblad Expeditions by 110.0% during the first 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 last quarter. Ariel Investments LLC increased its position in Lindblad Expeditions by 6.0% during the first 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 last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Lindblad Expeditions during the fourth quarter worth approximately $4,610,000. Finally, New York State Common Retirement Fund increased its position in Lindblad Expeditions by 106.9% during the first 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 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.