Lindblad Expeditions (NASDAQ:LIND) Posts Earnings Results, Beats Estimates By $0.11 EPS

Key Points

• Lindblad Expeditions reported a quarterly earnings per share (EPS) of ($0.18), exceeding the expected EPS of ($0.29) by $0.11.
• Following the earnings announcement, Lindblad Expeditions' stock price decreased by 1.8%, with the stock currently trading around $11.73.
• CEO Benjamin Bressler sold 47,325 shares of company stock for approximately $616,171.50, resulting in a 3.49% reduction of his holdings.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) announced its earnings results on Monday. The company reported ($0.18) earnings per share for the quarter, beating analysts' consensus estimates of ($0.29) by $0.11, Zacks reports. The company had revenue of $167.95 million for the quarter, compared to analysts' expectations of $158.97 million. Lindblad Expeditions updated its FY 2025 guidance to EPS.

Lindblad Expeditions Trading Up 0.2%

NASDAQ LIND traded up $0.03 on Friday, hitting $12.36. 381,704 shares of the company traded hands, compared to its average volume of 323,617. The business's 50 day moving average price is $11.89 and its 200-day moving average price is $10.90. Lindblad Expeditions has a 52-week low of $6.99 and a 52-week high of $14.34. The company has a market capitalization of $677.20 million, a price-to-earnings ratio of -41.20 and a beta of 2.71.

Insider Buying and Selling

In other news, CEO Benjamin Bressler sold 167,494 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $13.05, for a total value of $2,185,796.70. Following the transaction, the chief executive officer owned 23,466 shares of the company's stock, valued at $306,231.30. This trade represents a 87.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 222,386 shares of company stock valued at $2,900,718 in the last three months. Corporate insiders own 34.00% of the company's stock.

Institutional Investors Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIND. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Lindblad Expeditions by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company's stock valued at $198,000 after purchasing an additional 1,037 shares in the last quarter. Creative Planning bought a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at $174,000. Finally, AQR Capital Management LLC lifted its stake in shares of Lindblad Expeditions by 44.4% during the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company's stock valued at $148,000 after buying an additional 4,921 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen lowered Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Stifel Nicolaus set a $18.00 price target on shares of Lindblad Expeditions and gave the company a "buy" rating in a research report on Tuesday. Finally, Craig Hallum set a $16.00 price objective on shares of Lindblad Expeditions and gave the stock a "buy" rating in a research note on Friday, May 23rd.

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.