Lindblad Expeditions (NASDAQ:LIND) Shares Gap Up Following Earnings Beat

Lindblad Expeditions (NASDAQ:LIND)’s share price gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $12.20, but opened at $13.08. Lindblad Expeditions shares last traded at $12.6350, with a volume of 103,201 shares traded.

The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Lindblad Expeditions has set its FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LIND shares. Stifel Nicolaus set a $18.00 price target on Lindblad Expeditions and gave the company a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.00.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 21,137 shares of Lindblad Expeditions stock in a transaction dated 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 owned 23,466 shares of the company’s stock, valued at approximately $352,224.66. The trade was a 47.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Trey Byus sold 16,585 shares of Lindblad Expeditions stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $14.88, for a total value of $246,784.80. Following the sale, the insider directly owned 128,996 shares of the company’s stock, valued at approximately $1,919,460.48. This represents a 11.39% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 346,167 shares of company stock valued at $5,008,206. 34.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors have recently modified their holdings of the stock. Summit Global Investments raised its stake in shares of Lindblad Expeditions by 3.5% during the 2nd quarter. Summit Global Investments now owns 25,328 shares of the company’s stock valued at $296,000 after buying an additional 848 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Lindblad Expeditions by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after buying an additional 1,037 shares during the last quarter. Simon Quick Advisors LLC raised its stake in shares of Lindblad Expeditions by 7.1% during the 3rd quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock valued at $206,000 after buying an additional 1,065 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Lindblad Expeditions by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock valued at $168,000 after buying an additional 1,222 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake 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 buying an additional 1,322 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Performance

The stock has a 50 day simple moving average of $12.96 and a two-hundred day simple moving average of $11.96. The firm has a market cap of $685.70 million, a PE ratio of -41.79 and a beta of 2.60.

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.