Lindblad Expeditions Holdings Inc (NASDAQ:LIND) – Research analysts at Imperial Capital reduced their Q4 2019 earnings per share (EPS) estimates for shares of Lindblad Expeditions in a report released on Thursday, October 31st. Imperial Capital analyst G. Kelly now expects that the company will post earnings of ($0.05) per share for the quarter, down from their previous estimate of ($0.04). Imperial Capital has a “Outperform” rating and a $22.00 price objective on the stock. Imperial Capital also issued estimates for Lindblad Expeditions’ Q3 2020 earnings at $0.37 EPS, Q4 2020 earnings at ($0.04) EPS and FY2020 earnings at $0.61 EPS.
Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Wednesday, October 30th. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.24). The business had revenue of $100.98 million during the quarter, compared to the consensus estimate of $104.55 million. Lindblad Expeditions had a net margin of 3.11% and a return on equity of 12.77%.
A number of other analysts have also recently weighed in on LIND. TheStreet cut shares of Lindblad Expeditions from a “b-” rating to a “c+” rating in a research note on Monday, September 30th. ValuEngine cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Sidoti raised shares of Lindblad Expeditions from a “neutral” rating to a “buy” rating in a research note on Thursday. Finally, Deutsche Bank reissued a “hold” rating and issued a $15.00 target price on shares of Lindblad Expeditions in a research note on Sunday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.40.
NASDAQ LIND opened at $15.70 on Monday. The stock has a market cap of $781.14 million, a P/E ratio of 65.42 and a beta of 0.14. The company’s 50-day simple moving average is $16.99 and its 200 day simple moving average is $17.30. Lindblad Expeditions has a twelve month low of $11.98 and a twelve month high of $19.29. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.73.
A number of institutional investors have recently modified their holdings of LIND. Congress Asset Management Co. MA lifted its stake in shares of Lindblad Expeditions by 4.6% during the 3rd quarter. Congress Asset Management Co. MA now owns 211,445 shares of the company’s stock worth $3,544,000 after buying an additional 9,298 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Lindblad Expeditions by 47.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,444 shares of the company’s stock worth $108,000 after purchasing an additional 2,059 shares in the last quarter. California Public Employees Retirement System grew its stake in Lindblad Expeditions by 9.1% during the 3rd quarter. California Public Employees Retirement System now owns 33,921 shares of the company’s stock worth $569,000 after purchasing an additional 2,839 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in Lindblad Expeditions during the 3rd quarter worth $471,000. Finally, Black Diamond Financial LLC acquired a new position in Lindblad Expeditions during the 3rd quarter worth $241,000. 55.14% of the stock is currently owned by hedge funds and other institutional investors.
In other Lindblad Expeditions news, Director L. Dyson Dryden sold 10,871 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $18.66, for a total transaction of $202,852.86. Following the sale, the director now directly owns 1,397,230 shares of the company’s stock, valued at $26,072,311.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 239,221 shares of company stock worth $4,381,568 over the last ninety days. Insiders own 50.20% of the company’s stock.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.