Lindblad Expeditions (NASDAQ:LIND) Releases Earnings Results, Beats Estimates By $0.11 EPS

Lindblad Expeditions (NASDAQ:LIND) released its quarterly earnings data on Tuesday. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11, Zacks reports. Lindblad Expeditions updated its FY 2025 guidance to EPS.

Lindblad Expeditions Stock Up 1.2%

LIND stock opened at $12.20 on Tuesday. The business’s 50-day moving average price is $12.96 and its 200-day moving average price is $11.96. The stock has a market cap of $668.44 million, a P/E ratio of -40.67 and a beta of 2.60. Lindblad Expeditions has a twelve month low of $7.45 and a twelve month high of $15.06.

Insider Buying and Selling

In other Lindblad Expeditions news, insider Trey Byus sold 16,585 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $14.88, for a total transaction of $246,784.80. Following the sale, the insider directly owned 128,996 shares of the company’s stock, valued at $1,919,460.48. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Benjamin Bressler sold 21,137 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $15.01, for a total transaction of $317,266.37. Following the completion of the sale, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at $352,224.66. The trade was a 47.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 346,167 shares of company stock worth $5,008,206. 34.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in shares of Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC grew 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 worth $56,000 after acquiring an additional 3,311 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Lindblad Expeditions by 9.3% in the 2nd 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 last quarter. Creative Planning acquired a new stake in Lindblad Expeditions in the 2nd quarter worth approximately $174,000. Finally, Invesco Ltd. grew its position in Lindblad Expeditions by 37.6% during the 2nd quarter. Invesco Ltd. now owns 15,878 shares of the company’s stock worth $185,000 after purchasing an additional 4,337 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LIND has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $18.00 target price on Lindblad Expeditions and gave the company a “buy” rating in a report on Tuesday, August 5th. One 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 stock has an average 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.