Lindblad Expeditions (NASDAQ:LIND) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Lindblad Expeditions Trading Down 3.0 %

NASDAQ:LIND opened at $9.63 on Wednesday. Lindblad Expeditions has a twelve month low of $6.76 and a twelve month high of $14.34. The company has a market cap of $525.39 million, a P/E ratio of -12.83 and a beta of 2.65. The company’s 50-day moving average price is $9.29 and its 200-day moving average price is $11.10.

Insiders Place Their Bets

In related news, Director Alex P. Schultz purchased 36,375 shares of Lindblad Expeditions stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $7.97 per share, with a total value of $289,908.75. Following the purchase, the director now owns 283,323 shares of the company’s stock, valued at approximately $2,258,084.31. The trade was a 14.73 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 34.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC raised its stake in shares of Lindblad Expeditions by 263.7% in the third quarter. Barclays PLC now owns 60,234 shares of the company’s stock valued at $557,000 after acquiring an additional 43,671 shares in the last quarter. Franklin Resources Inc. raised its position in Lindblad Expeditions by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock valued at $7,903,000 after purchasing an additional 3,016 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Lindblad Expeditions by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after buying an additional 26,647 shares during the period. JPMorgan Chase & Co. grew its position in shares of Lindblad Expeditions by 66.3% during the third quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company’s stock worth $2,985,000 after buying an additional 128,610 shares in the last quarter. Finally, Simon Quick Advisors LLC purchased a new stake in shares of Lindblad Expeditions during the fourth quarter worth approximately $126,000. 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.