B. Riley Weighs in on Lindblad Expeditions Holdings, Inc.’s Q3 2024 Earnings (NASDAQ:LIND)

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) – Analysts at B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for Lindblad Expeditions in a research report issued on Thursday, August 8th. B. Riley analyst E. Wold now forecasts that the company will earn $0.17 per share for the quarter, down from their previous estimate of $0.21. B. Riley has a “Buy” rating and a $15.00 price target on the stock. The consensus estimate for Lindblad Expeditions’ current full-year earnings is ($0.44) per share. B. Riley also issued estimates for Lindblad Expeditions’ Q3 2025 earnings at $0.35 EPS.

A number of other equities analysts also recently commented on LIND. Craig Hallum cut their price objective on Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Stifel Nicolaus cut their price objective on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average price target of $13.00.

Lindblad Expeditions Trading Down 0.4 %

NASDAQ LIND opened at $7.30 on Monday. The business’s 50-day moving average price is $8.67 and its 200 day moving average price is $8.46. Lindblad Expeditions has a twelve month low of $5.47 and a twelve month high of $11.53. The company has a market capitalization of $390.79 million, a PE ratio of -7.09 and a beta of 3.01.

Institutional Investors Weigh In On Lindblad Expeditions

A number of hedge funds have recently bought and sold shares of the business. Natixis Advisors L.P. grew its stake in Lindblad Expeditions by 7.7% during the 4th quarter. Natixis Advisors L.P. now owns 29,984 shares of the company’s stock valued at $337,000 after purchasing an additional 2,139 shares in the last quarter. Victory Capital Management Inc. grew its stake in Lindblad Expeditions by 3.3% during the 2nd quarter. Victory Capital Management Inc. now owns 96,400 shares of the company’s stock valued at $930,000 after purchasing an additional 3,100 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Lindblad Expeditions by 5.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,944 shares of the company’s stock valued at $1,119,000 after purchasing an additional 5,569 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Lindblad Expeditions by 1.0% during the 1st quarter. Pinnacle Associates Ltd. now owns 607,994 shares of the company’s stock valued at $5,673,000 after purchasing an additional 5,979 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Lindblad Expeditions by 24.7% during the 4th quarter. Russell Investments Group Ltd. now owns 46,040 shares of the company’s stock valued at $519,000 after purchasing an additional 9,105 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Activity

In related news, Director Alex P. Schultz bought 15,278 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $7.17 per share, for a total transaction of $109,543.26. Following the completion of the purchase, the director now owns 232,301 shares in the company, valued at $1,665,598.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Alex P. Schultz bought 15,278 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $7.17 per share, for a total transaction of $109,543.26. Following the completion of the purchase, the director now owns 232,301 shares in the company, valued at $1,665,598.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alex P. Schultz bought 15,953 shares of the stock in a transaction dated Thursday, June 20th. The stock was bought at an average price of $7.48 per share, with a total value of $119,328.44. Following the purchase, the director now owns 176,198 shares of the company’s stock, valued at approximately $1,317,961.04. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 81,333 shares of company stock worth $608,381. 34.30% of the stock is currently owned by corporate insiders.

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.