Lindblad Expeditions (NASDAQ:LIND) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, December 20th.

Separately, TheStreet upgraded Lindblad Expeditions from a “c” rating to a “b” rating in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.25.

Lindblad Expeditions (NASDAQ LIND) traded up $0.10 during mid-day trading on Wednesday, reaching $9.92. The company’s stock had a trading volume of 38,429 shares, compared to its average volume of 76,721. Lindblad Expeditions has a twelve month low of $8.38 and a twelve month high of $11.26. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a market capitalization of $446.15, a price-to-earnings ratio of 196.40 and a beta of 0.92.

In other news, Director John M. Fahey, Jr. purchased 3,000 shares of the stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average cost of $9.80 per share, with a total value of $29,400.00. Following the completion of the purchase, the director now directly owns 34,958 shares of the company’s stock, valued at approximately $342,588.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 50.10% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. Evanston Investments Inc. dba Evanston Advisors acquired a new stake in shares of Lindblad Expeditions in the second quarter worth approximately $105,000. Trexquant Investment LP acquired a new position in Lindblad Expeditions during the third quarter worth $128,000. SG Americas Securities LLC acquired a new position in Lindblad Expeditions during the third quarter worth $164,000. Bank of America Corp DE boosted its stake in Lindblad Expeditions by 120.9% during the first quarter. Bank of America Corp DE now owns 18,684 shares of the company’s stock worth $167,000 after buying an additional 10,225 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Lindblad Expeditions by 0.3% during the second quarter. Wells Fargo & Company MN now owns 16,086 shares of the company’s stock worth $169,000 after buying an additional 44 shares during the last quarter. 49.03% of the stock is currently owned by hedge funds and other institutional investors.

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About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.

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