Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Short Interest Down 15.7% in March

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 2,250,000 shares, a drop of 15.7% from the February 28th total of 2,670,000 shares. Based on an average trading volume of 314,800 shares, the days-to-cover ratio is currently 7.1 days. Approximately 6.1% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Trading Down 0.1 %

NASDAQ LIND traded down $0.01 on Wednesday, hitting $9.57. 338,289 shares of the company’s stock traded hands, compared to its average volume of 299,579. The firm’s 50-day moving average price is $11.29 and its two-hundred day moving average price is $11.34. The firm has a market capitalization of $522.39 million, a PE ratio of -12.76 and a beta of 3.12. Lindblad Expeditions has a 1-year low of $6.35 and a 1-year high of $14.34.

Hedge Funds Weigh In On Lindblad Expeditions

A number of large investors have recently added to or reduced their stakes in LIND. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Lindblad Expeditions by 4.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,292 shares of the company’s stock valued at $241,000 after buying an additional 912 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Lindblad Expeditions by 2.4% in the fourth quarter. Rhumbline Advisers now owns 50,598 shares of the company’s stock worth $600,000 after acquiring an additional 1,167 shares during the last quarter. Graham Capital Management L.P. increased its position in shares of Lindblad Expeditions by 4.3% during the fourth quarter. Graham Capital Management L.P. now owns 31,748 shares of the company’s stock worth $377,000 after purchasing an additional 1,315 shares in the last quarter. Manchester Capital Management LLC raised its stake in Lindblad Expeditions by 91.3% in the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock valued at $34,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Lindblad Expeditions by 1.5% in the 4th quarter. Victory Capital Management Inc. now owns 97,460 shares of the company’s stock valued at $1,156,000 after purchasing an additional 1,410 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.