Equities Analysts Issue Forecasts for LIND FY2024 Earnings

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) – Equities research analysts at B. Riley increased their FY2024 earnings estimates for Lindblad Expeditions in a report issued on Tuesday, November 5th. B. Riley analyst E. Wold now anticipates that the company will earn ($0.46) per share for the year, up from their prior estimate of ($0.64). B. Riley has a “Buy” rating and a $16.00 price objective on the stock. The consensus estimate for Lindblad Expeditions’ current full-year earnings is ($0.65) per share. B. Riley also issued estimates for Lindblad Expeditions’ Q4 2024 earnings at ($0.22) EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.05) EPS and Q2 2026 earnings at ($0.17) EPS.

LIND has been the subject of a number of other research reports. Stifel Nicolaus lowered their price target on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Craig Hallum upped their price target on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Lindblad Expeditions currently has an average rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Trading Up 0.5 %

Shares of LIND opened at $13.21 on Thursday. The firm has a market capitalization of $717.57 million, a P/E ratio of -12.83 and a beta of 3.02. The firm has a fifty day moving average price of $9.82 and a 200-day moving average price of $8.85. Lindblad Expeditions has a 12-month low of $5.95 and a 12-month high of $13.40.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The company had revenue of $136.50 million for the quarter, compared to analysts’ expectations of $137.39 million.

Hedge Funds Weigh In On Lindblad Expeditions

Large investors have recently bought and sold shares of the business. Ariel Investments LLC boosted its position in shares of Lindblad Expeditions by 3.1% in the 1st quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock valued at $82,824,000 after purchasing an additional 268,996 shares during the period. Vanguard Group Inc. raised its position in Lindblad Expeditions by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock worth $18,651,000 after acquiring an additional 31,921 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Lindblad Expeditions by 1.6% in the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after acquiring an additional 26,647 shares during the period. Anchor Capital Management Company LLC boosted its position in shares of Lindblad Expeditions by 51.3% during the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after purchasing an additional 449,098 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in shares of Lindblad Expeditions by 1.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock worth $5,569,000 after purchasing an additional 6,267 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sven-Olof Lindblad bought 32,117 shares of the stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the acquisition, the chief executive officer now directly owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Noah Brodsky sold 14,344 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the sale, the insider now owns 58,518 shares of the company’s stock, valued at approximately $614,439. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sven-Olof Lindblad acquired 32,117 shares of Lindblad Expeditions stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the completion of the purchase, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 34.30% of the stock is owned by company insiders.

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.