Lindblad Expeditions (NASDAQ:LIND) Given a $16.00 Price Target by Craig Hallum Analysts

Lindblad Expeditions (NASDAQ:LIND) has been given a $16.00 price objective by investment analysts at Craig Hallum in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price target indicates a potential upside of 57.02% from the company’s current price.

Separately, Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th.

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $10.19 on Friday. The firm’s 50-day simple moving average is $9.31 and its 200 day simple moving average is $11.12. Lindblad Expeditions has a 52 week low of $6.76 and a 52 week high of $14.34. The firm has a market cap of $557.47 million, a price-to-earnings ratio of -13.59 and a beta of 2.65.

Insider Activity

In other news, Director Alex P. Schultz purchased 36,375 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was bought at an average cost of $7.97 per share, with a total value of $289,908.75. Following the purchase, the director now directly owns 283,323 shares of the company’s stock, valued at approximately $2,258,084.31. This trade represents a 14.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 34.30% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Several large investors have recently modified their holdings of LIND. GAMMA Investing LLC increased its position in Lindblad Expeditions by 3,188.1% in the first quarter. GAMMA Investing LLC now owns 2,762 shares of the company’s stock worth $26,000 after buying an additional 2,678 shares during the last quarter. Manchester Capital Management LLC raised its stake in Lindblad Expeditions by 91.3% during the 4th 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 during the last quarter. New York State Teachers Retirement System purchased a new stake in Lindblad Expeditions in the 4th quarter worth $38,000. Quantbot Technologies LP boosted its holdings in shares of Lindblad Expeditions by 28.3% during the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company’s stock valued at $56,000 after purchasing an additional 1,345 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Lindblad Expeditions in the 4th quarter valued at about $110,000. 75.94% of the stock is currently owned by institutional investors.

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.