Q3 2024 EPS Estimates for Lindblad Expeditions Holdings, Inc. Lifted by B. Riley (NASDAQ:LIND)

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) – Research analysts at B. Riley increased their Q3 2024 EPS estimates for shares of Lindblad Expeditions in a research note issued on Tuesday, April 30th. B. Riley analyst E. Wold now expects that the company will post earnings per share of $0.21 for the quarter, up from their previous forecast of $0.16. The consensus estimate for Lindblad Expeditions’ current full-year earnings is ($0.46) per share. B. Riley also issued estimates for Lindblad Expeditions’ Q1 2025 earnings at $0.05 EPS and Q3 2025 earnings at $0.36 EPS.

Lindblad Expeditions (NASDAQ:LIND) last issued 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 firm had revenue of $125.36 million during the quarter, compared to the consensus estimate of $127.70 million.

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

Lindblad Expeditions Stock Performance

Shares of Lindblad Expeditions stock opened at $7.34 on Thursday. Lindblad Expeditions has a 52 week low of $5.47 and a 52 week high of $12.13. The stock has a 50 day moving average price of $8.28 and a two-hundred day moving average price of $8.49. The stock has a market capitalization of $391.90 million, a PE ratio of -7.12 and a beta of 2.87.

Insider Buying and Selling

In other Lindblad Expeditions news, Director Alex P. Schultz bought 33,016 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was purchased at an average cost of $7.47 per share, with a total value of $246,629.52. Following the transaction, the director now directly owns 126,400 shares in the company, valued at approximately $944,208. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 34.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Several large investors have recently modified their holdings of the stock. GSA Capital Partners LLP grew its holdings in Lindblad Expeditions by 241.9% during the first quarter. GSA Capital Partners LLP now owns 48,925 shares of the company’s stock valued at $456,000 after purchasing an additional 34,614 shares during the period. Hunter Associates Investment Management LLC increased its holdings in Lindblad Expeditions by 11.7% in the 1st quarter. Hunter Associates Investment Management LLC now owns 222,090 shares of the company’s stock worth $2,072,000 after acquiring an additional 23,290 shares during the last quarter. Anchor Capital Management Company LLC raised its stake in Lindblad Expeditions by 127.1% in the 1st quarter. Anchor Capital Management Company LLC now owns 876,070 shares of the company’s stock valued at $8,174,000 after acquiring an additional 490,370 shares during the period. Pinnacle Associates Ltd. raised its stake in Lindblad Expeditions by 1.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 607,994 shares of the company’s stock valued at $5,673,000 after acquiring an additional 5,979 shares during the period. Finally, Hedges Asset Management LLC lifted its holdings in Lindblad Expeditions by 17.8% during the first quarter. Hedges Asset Management LLC now owns 156,500 shares of the company’s stock valued at $1,460,000 after purchasing an additional 23,700 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

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.