Lindblad Expeditions (NASDAQ:LIND) Stock Price Up 9.1% on Earnings Beat

Key Points

• Lindblad Expeditions shares surged 9.1% after the company reported earnings of ($0.18) per share, beating estimates by $0.11 and generating $167.95 million in revenue.
• Analyst ratings showed a mixed outlook, with Stifel Nicolaus increasing its price target to $18.00 while Wall Street Zen downgraded the stock from "buy" to "hold."
• CEO Benjamin Bressler sold 47,325 shares, representing a 3.49% decrease in his ownership, while institutional investors hold approximately 75.94% of the company's shares.

Shares of Lindblad Expeditions (NASDAQ:LIND - Get Free Report) traded up 9.1% during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $13.32 and last traded at $13.48. 680,074 shares traded hands during trading, an increase of 115% from the average session volume of 316,284 shares. The stock had previously closed at $12.35.

The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.11. The firm had revenue of $167.95 million for the quarter, compared to analysts' expectations of $158.97 million.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CEO Benjamin Bressler sold 167,494 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $13.05, for a total transaction of $2,185,796.70. Following the sale, the chief executive officer owned 23,466 shares in the company, valued at approximately $306,231.30. This represents a 87.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 222,386 shares of company stock worth $2,900,718. Corporate insiders own 34.00% of the company's stock.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds have recently bought and sold shares of LIND. GAMMA Investing LLC grew its position in Lindblad Expeditions by 3,188.1% in the 1st quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock valued at $26,000 after acquiring an additional 2,678 shares during the last quarter. Quantbot Technologies LP grew its position in Lindblad Expeditions by 28.3% in the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company's stock valued at $56,000 after acquiring an additional 1,345 shares during the last quarter. AlphaQuest LLC grew its position in Lindblad Expeditions by 167.4% in the 2nd quarter. AlphaQuest LLC now owns 8,669 shares of the company's stock valued at $101,000 after acquiring an additional 5,427 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Lindblad Expeditions in the 4th quarter valued at $110,000. Finally, ProShare Advisors LLC bought a new position in shares of Lindblad Expeditions during the 4th quarter worth $120,000. Institutional investors own 75.94% of the company's stock.

Lindblad Expeditions Trading Up 0.2%

The business has a 50-day moving average price of $11.93 and a 200-day moving average price of $10.90. The firm has a market cap of $677.20 million, a P/E ratio of -41.20 and a beta of 2.71.

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.