Lindblad Expeditions (NASDAQ:LIND) Announces Quarterly Earnings Results

Lindblad Expeditions (NASDAQ:LIND) issued its quarterly earnings data on Tuesday. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11, Zacks reports. The business had revenue of $240.17 million during the quarter, compared to analysts’ expectations of $229.68 million. Lindblad Expeditions updated its FY 2025 guidance to EPS.

Lindblad Expeditions Stock Up 3.3%

Shares of Lindblad Expeditions stock traded up $0.41 during mid-day trading on Wednesday, hitting $12.86. The stock had a trading volume of 124,330 shares, compared to its average volume of 342,388. The firm has a 50-day moving average of $12.91 and a two-hundred day moving average of $11.99. The firm has a market cap of $704.60 million, a P/E ratio of -42.84 and a beta of 2.59. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $15.06.

Insider Transactions at Lindblad Expeditions

In other news, CEO Benjamin Bressler sold 21,137 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $15.01, for a total value of $317,266.37. Following the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $352,224.66. This represents a 47.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Trey Byus sold 16,585 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $14.88, for a total value of $246,784.80. Following the completion of the sale, the insider owned 128,996 shares in the company, valued at approximately $1,919,460.48. The trade was a 11.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 346,167 shares of company stock valued at $5,008,206. Company insiders own 34.00% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. grew its holdings in shares of Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after acquiring an additional 3,311 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Lindblad Expeditions by 44.4% during the first quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock worth $148,000 after acquiring an additional 4,921 shares during the period. The Manufacturers Life Insurance Company lifted its position in Lindblad Expeditions by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock valued at $168,000 after purchasing an additional 1,222 shares during the period. Finally, Creative Planning purchased a new stake in Lindblad Expeditions in the 2nd quarter valued at approximately $174,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Stifel Nicolaus set a $18.00 target price on Lindblad Expeditions and gave the stock a “buy” rating in a report on Tuesday, August 5th. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

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.