Lindblad Expeditions (NASDAQ:LIND) Announces Quarterly Earnings Results, Misses Estimates By $0.24 EPS

Lindblad Expeditions (NASDAQ:LINDGet Rating) announced its earnings results on Tuesday. The company reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.24), MarketWatch Earnings reports. During the same period in the previous year, the company posted ($0.66) EPS.

Shares of Lindblad Expeditions stock opened at $13.00 on Friday. The firm’s 50-day simple moving average is $14.83 and its 200-day simple moving average is $15.95. Lindblad Expeditions has a twelve month low of $11.19 and a twelve month high of $19.13. The firm has a market cap of $660.53 million, a P/E ratio of -5.00 and a beta of 2.04.

Several brokerages recently commented on LIND. Oppenheimer began coverage on shares of Lindblad Expeditions in a report on Thursday, April 21st. They issued an “outperform” rating and a $20.00 target price on the stock. Stifel Nicolaus dropped their price objective on shares of Lindblad Expeditions from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. StockNews.com upgraded shares of Lindblad Expeditions to a “sell” rating in a report on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lindblad Expeditions from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, February 23rd. Finally, Zacks Investment Research downgraded shares of Lindblad Expeditions from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.20.

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 15,878 shares of the business’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $18.58, for a total value of $295,013.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director L. Dyson Dryden sold 2,046 shares of the business’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $16.26, for a total transaction of $33,267.96. Following the completion of the transaction, the director now directly owns 1,006,939 shares of the company’s stock, valued at $16,372,828.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,119 shares of company stock worth $1,570,267. 39.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System raised its stake in shares of Lindblad Expeditions by 1.6% during the fourth quarter. California State Teachers Retirement System now owns 41,950 shares of the company’s stock worth $654,000 after buying an additional 665 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Lindblad Expeditions by 25.6% during the third quarter. Royal Bank of Canada now owns 3,906 shares of the company’s stock worth $57,000 after buying an additional 797 shares during the last quarter. Invesco Ltd. raised its stake in shares of Lindblad Expeditions by 12.8% during the third quarter. Invesco Ltd. now owns 28,054 shares of the company’s stock worth $409,000 after buying an additional 3,176 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Lindblad Expeditions by 3.3% during the fourth quarter. Parametric Portfolio Associates LLC now owns 120,570 shares of the company’s stock worth $1,881,000 after buying an additional 3,865 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Lindblad Expeditions by 109.6% during the fourth quarter. Citigroup Inc. now owns 8,357 shares of the company’s stock worth $130,000 after buying an additional 4,370 shares during the last quarter. 89.62% of the stock is owned by institutional investors and hedge funds.

About Lindblad Expeditions (Get Rating)

Lindblad Expeditions Holdings, Inc provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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Earnings History for Lindblad Expeditions (NASDAQ:LIND)

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