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

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released 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 Stock Up 5.2%

Shares of NASDAQ:LIND traded up $0.61 on Friday, hitting $12.28. The company had a trading volume of 593,291 shares, compared to its average volume of 304,869. The firm's 50-day simple moving average is $10.46 and its two-hundred day simple moving average is $10.78. The firm has a market capitalization of $671.84 million, a price-to-earnings ratio of -20.47 and a beta of 2.65. Lindblad Expeditions has a 1 year low of $6.76 and a 1 year high of $14.34.

Insider Activity

In other Lindblad Expeditions news, Director Alex P. Schultz acquired 36,375 shares of the company's 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 directly owned 283,323 shares of the company's stock, valued at approximately $2,258,084.31. The trade was a 14.73% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 34.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the business. Driehaus Capital Management LLC purchased a new stake in shares of Lindblad Expeditions in the 1st quarter worth approximately $5,900,000. Penn Capital Management Company LLC boosted its holdings in Lindblad Expeditions by 110.0% in the first quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company's stock worth $8,766,000 after acquiring an additional 494,709 shares in the last quarter. Ariel Investments LLC boosted its holdings in Lindblad Expeditions by 6.0% in the first quarter. Ariel Investments LLC now owns 7,777,768 shares of the company's stock worth $72,100,000 after acquiring an additional 441,046 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Lindblad Expeditions in the fourth quarter worth $4,610,000. Finally, New York State Common Retirement Fund increased its holdings in shares of 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 valued at $6,349,000 after acquiring an additional 353,817 shares in the last quarter. 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.