Lindblad Expeditions (NASDAQ:LIND) Posts Quarterly 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) released its earnings results on Monday. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.11, Zacks reports. Lindblad Expeditions updated its FY 2025 guidance to EPS.

Lindblad Expeditions Stock Down 1.8%

LIND stock opened at $11.73 on Monday. The company has a market cap of $641.75 million, a PE ratio of -19.55 and a beta of 2.71. Lindblad Expeditions has a 52 week low of $6.76 and a 52 week high of $14.34. The business has a 50-day simple moving average of $11.70 and a 200 day simple moving average of $10.86.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LIND shares. Wall Street Zen downgraded Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday. Craig Hallum set a $16.00 price target on Lindblad Expeditions and gave the company a "buy" rating in a report on Friday, May 23rd.

Insider Buying and Selling

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 47,325 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $13.02, for a total transaction of $616,171.50. Following the completion of the transaction, the chief executive officer owned 1,310,460 shares of the company's stock, valued at approximately $17,062,189.20. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 34.00% of the company's stock.

Institutional Trading of Lindblad Expeditions

A hedge fund recently raised its stake in Lindblad Expeditions stock. AQR Capital Management LLC boosted its stake in Lindblad Expeditions (NASDAQ:LIND - Free Report) by 44.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,994 shares of the company's stock after acquiring an additional 4,921 shares during the period. AQR Capital Management LLC's holdings in Lindblad Expeditions were worth $148,000 at the end of the most recent quarter. Institutional investors and hedge funds own 75.94% 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.

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