Lindblad Expeditions (NASDAQ:LIND) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Lindblad Expeditions (NASDAQ:LIND) issued its quarterly earnings results on Monday. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08, Zacks reports.

Lindblad Expeditions Stock Performance

Shares of Lindblad Expeditions stock opened at $29.58 on Monday. The company has a 50-day moving average of $25.55 and a two-hundred day moving average of $20.98. The stock has a market cap of $1.94 billion, a PE ratio of -54.78 and a beta of 2.24. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $30.43.

Insider Buying and Selling

In related news, insider Trey Byus sold 10,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.05, for a total value of $200,500.00. Following the sale, the insider directly owned 101,530 shares of the company’s stock, valued at approximately $2,035,676.50. This represents a 8.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.26, for a total transaction of $40,520.00. Following the transaction, the director owned 112,486 shares of the company’s stock, valued at approximately $2,278,966.36. The trade was a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 88,602 shares of company stock worth $1,966,009 in the last quarter. Company insiders own 26.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LIND. Osaic Holdings Inc. raised its holdings in shares of Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after acquiring an additional 1,322 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Lindblad Expeditions during the fourth quarter worth about $57,000. Royal Bank of Canada raised its position in shares of Lindblad Expeditions by 127.1% in the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after buying an additional 2,515 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after buying an additional 3,311 shares during the period. Finally, State of Wyoming purchased a new position in shares of Lindblad Expeditions during the fourth quarter valued at approximately $136,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $24.00 target price on shares of Lindblad Expeditions in a research note on Friday, July 24th. Stifel Nicolaus raised their price target on Lindblad Expeditions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Friday, July 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Finally, Benchmark increased their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average target price of $29.20.

Lindblad Expeditions Company Profile

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.