Imperial Capital Analysts Reduce Earnings Estimates for Lindblad Expeditions Holdings Inc (NASDAQ:LIND)

Lindblad Expeditions Holdings Inc (NASDAQ:LIND) – Imperial Capital dropped their Q3 2019 earnings estimates for Lindblad Expeditions in a research report issued to clients and investors on Tuesday, August 6th. Imperial Capital analyst G. Kelly now expects that the company will post earnings of $0.26 per share for the quarter, down from their prior estimate of $0.31. Imperial Capital currently has a “Outperform” rating and a $22.00 target price on the stock. Imperial Capital also issued estimates for Lindblad Expeditions’ Q4 2019 earnings at ($0.04) EPS, FY2020 earnings at $0.67 EPS and FY2021 earnings at $0.75 EPS.

A number of other research firms have also issued reports on LIND. Sidoti lowered Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Tuesday, July 2nd. BidaskClub upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. ValuEngine lowered Lindblad Expeditions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank reiterated a “hold” rating and set a $15.00 price target on shares of Lindblad Expeditions in a research report on Sunday, August 4th. Finally, Zacks Investment Research lowered Lindblad Expeditions from a “buy” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.40.

NASDAQ:LIND opened at $18.80 on Thursday. Lindblad Expeditions has a 12-month low of $11.98 and a 12-month high of $19.20. The firm has a market cap of $926.05 million, a price-to-earnings ratio of 78.33 and a beta of 0.16. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 1.46. The firm’s 50 day moving average is $18.03.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). Lindblad Expeditions had a net margin of 4.96% and a return on equity of 12.98%. The company had revenue of $76.66 million for the quarter, compared to analyst estimates of $79.58 million.

A number of hedge funds have recently made changes to their positions in the business. Legal & General Group Plc boosted its position in Lindblad Expeditions by 27.4% during the 4th quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock worth $57,000 after acquiring an additional 921 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Lindblad Expeditions by 72.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,238 shares of the company’s stock worth $40,000 after buying an additional 940 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Lindblad Expeditions by 2.4% in the 1st quarter. First Trust Advisors LP now owns 49,878 shares of the company’s stock worth $761,000 after buying an additional 1,157 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Lindblad Expeditions in the 2nd quarter worth $25,000. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Lindblad Expeditions by 48.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,385 shares of the company’s stock worth $79,000 after buying an additional 1,437 shares in the last quarter. Institutional investors own 60.39% of the company’s stock.

In other Lindblad Expeditions news, insider Trey Byus sold 9,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $18.02, for a total transaction of $162,180.00. Following the completion of the transaction, the insider now owns 108,395 shares in the company, valued at approximately $1,953,277.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Benjamin Bressler sold 66,051 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $16.28, for a total value of $1,075,310.28. Following the transaction, the insider now owns 86,900 shares of the company’s stock, valued at approximately $1,414,732. The disclosure for this sale can be found here. Insiders have sold a total of 150,051 shares of company stock valued at $2,508,852 in the last quarter. 50.20% of the stock is currently owned by insiders.

About Lindblad Expeditions

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.

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