Lindblad Expeditions Holdings, Inc. to Post Q2 2024 Earnings of ($0.26) Per Share, B. Riley Forecasts (NASDAQ:LIND)

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) – Analysts at B. Riley decreased their Q2 2024 EPS estimates for Lindblad Expeditions in a research note issued to investors on Tuesday, April 30th. B. Riley analyst E. Wold now expects that the company will post earnings of ($0.26) per share for the quarter, down from their previous forecast of ($0.25). The consensus estimate for Lindblad Expeditions’ current full-year earnings is ($0.46) per share. B. Riley also issued estimates for Lindblad Expeditions’ Q4 2024 earnings at ($0.19) EPS, FY2024 earnings at ($0.34) EPS, Q2 2025 earnings at ($0.15) EPS, Q4 2025 earnings at ($0.11) EPS and FY2025 earnings at $0.15 EPS.

A number of other analysts have also recently weighed in on LIND. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, April 2nd. Craig Hallum reduced their price objective on shares of Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, StockNews.com upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.50.

Lindblad Expeditions Stock Down 2.7 %

LIND stock opened at $7.34 on Friday. The company has a market capitalization of $391.90 million, a price-to-earnings ratio of -7.12 and a beta of 2.87. Lindblad Expeditions has a 12 month low of $5.47 and a 12 month high of $12.13. The firm has a 50 day moving average of $8.28 and a two-hundred day moving average of $8.49.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Wednesday, February 28th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.23). The business had revenue of $125.36 million for the quarter, compared to the consensus estimate of $127.70 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Lindblad Expeditions during the 3rd quarter worth about $108,000. Hedges Asset Management LLC boosted its holdings in Lindblad Expeditions by 52.4% during the third quarter. Hedges Asset Management LLC now owns 119,900 shares of the company’s stock valued at $863,000 after purchasing an additional 41,200 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Lindblad Expeditions by 50.5% during the third quarter. Orion Portfolio Solutions LLC now owns 24,886 shares of the company’s stock valued at $179,000 after purchasing an additional 8,347 shares in the last quarter. Swiss National Bank grew its stake in shares of Lindblad Expeditions by 2.1% in the 3rd quarter. Swiss National Bank now owns 76,141 shares of the company’s stock valued at $548,000 after purchasing an additional 1,600 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Lindblad Expeditions in the 3rd quarter worth approximately $72,000. 75.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Lindblad Expeditions

In related news, Director Alex P. Schultz acquired 33,016 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was acquired at an average price of $7.47 per share, with a total value of $246,629.52. Following the completion of the transaction, the director now owns 126,400 shares of the company’s stock, valued at $944,208. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 34.80% of the company’s stock.

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.