B. Riley Equities Analysts Decrease Earnings Estimates for Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) - Investment analysts at B. Riley decreased their Q2 2024 earnings per share (EPS) estimates for Lindblad Expeditions in a research note issued to investors on Tuesday, April 30th. B. Riley analyst E. Wold now forecasts that the company will post earnings of ($0.26) per share for the quarter, down from their previous forecast of ($0.25). The consensus estimate for Lindblad Expeditions' current full-year earnings is ($0.46) per share. B. Riley also issued estimates for Lindblad Expeditions' Q4 2024 earnings at ($0.19) EPS, FY2024 earnings at ($0.34) EPS, Q2 2025 earnings at ($0.15) EPS, Q4 2025 earnings at ($0.11) EPS and FY2025 earnings at $0.15 EPS.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.23). The business had revenue of $125.36 million for the quarter, compared to the consensus estimate of $127.70 million.

LIND has been the topic of several other research reports. StockNews.com raised shares of Lindblad Expeditions from a "sell" rating to a "hold" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on Lindblad Expeditions from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, April 2nd. Finally, Craig Hallum decreased their price objective on Lindblad Expeditions from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.50.

Lindblad Expeditions Trading Down 2.7 %

LIND traded down $0.21 during midday trading on Friday, hitting $7.34. 243,408 shares of the company traded hands, compared to its average volume of 291,316. Lindblad Expeditions has a 52-week low of $5.47 and a 52-week high of $12.13. The business has a 50 day simple moving average of $8.31 and a two-hundred day simple moving average of $8.49. The company has a market capitalization of $391.90 million, a price-to-earnings ratio of -7.17 and a beta of 2.87.

Institutional Trading of Lindblad Expeditions

Large investors have recently added to or reduced their stakes in the business. Ariel Investments LLC raised its holdings in shares of Lindblad Expeditions by 13.3% during the 3rd quarter. Ariel Investments LLC now owns 8,472,058 shares of the company's stock valued at $60,999,000 after purchasing an additional 995,293 shares in the last quarter. Fred Alger Management LLC acquired a new position in Lindblad Expeditions in the third quarter worth $3,608,000. Anchor Capital Management Company LLC boosted its stake in Lindblad Expeditions by 127.1% in the first quarter. Anchor Capital Management Company LLC now owns 876,070 shares of the company's stock worth $8,174,000 after purchasing an additional 490,370 shares in the last quarter. Stifel Financial Corp boosted its stake in Lindblad Expeditions by 18.4% in the third quarter. Stifel Financial Corp now owns 309,471 shares of the company's stock worth $2,228,000 after purchasing an additional 48,155 shares in the last quarter. Finally, Hedges Asset Management LLC boosted its stake in Lindblad Expeditions by 52.4% in the third quarter. Hedges Asset Management LLC now owns 119,900 shares of the company's stock worth $863,000 after purchasing an additional 41,200 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Insider Activity at Lindblad Expeditions

In other news, Director Alex P. Schultz purchased 33,016 shares of the company's stock in a transaction on Friday, April 19th. The shares were bought at an average price of $7.47 per share, for a total transaction of $246,629.52. Following the completion of the purchase, the director now owns 126,400 shares of the company's stock, valued at $944,208. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 34.80% of the stock is currently 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.