FY2017 Earnings Forecast for Lindblad Expeditions Holdings Inc. (LIND) Issued By Imperial Capital
Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) – Stock analysts at Imperial Capital cut their FY2017 earnings per share (EPS) estimates for shares of Lindblad Expeditions Holdings in a research report issued to clients and investors on Wednesday. Imperial Capital analyst G. Kelly now forecasts that the company will post earnings of $0.07 per share for the year, down from their previous forecast of $0.14. Imperial Capital also issued estimates for Lindblad Expeditions Holdings’ Q3 2018 earnings at $0.18 EPS.
A number of other research analysts have also weighed in on the company. TheStreet upgraded Lindblad Expeditions Holdings from a “c” rating to a “b” rating in a report on Thursday. BidaskClub upgraded Lindblad Expeditions Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $10.00 target price (up previously from $9.50) on shares of Lindblad Expeditions Holdings in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $11.25.
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Lindblad Expeditions Holdings (NASDAQ LIND) opened at $10.54 on Friday. Lindblad Expeditions Holdings has a fifty-two week low of $8.38 and a fifty-two week high of $11.26. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $479.32, a P/E ratio of 212.00 and a beta of 0.61.
Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Lindblad Expeditions Holdings by 52.8% during the first quarter. Dimensional Fund Advisors LP now owns 152,117 shares of the company’s stock worth $1,363,000 after acquiring an additional 52,593 shares during the period. Scholtz & Company LLC bought a new stake in Lindblad Expeditions Holdings during the second quarter worth $494,000. Goldman Sachs Group Inc. bought a new stake in Lindblad Expeditions Holdings during the first quarter worth $1,039,000. Russell Investments Group Ltd. lifted its holdings in Lindblad Expeditions Holdings by 8.0% during the second quarter. Russell Investments Group Ltd. now owns 203,056 shares of the company’s stock worth $2,132,000 after acquiring an additional 15,056 shares during the period. Finally, Picton Mahoney Asset Management lifted its holdings in Lindblad Expeditions Holdings by 21.0% during the second quarter. Picton Mahoney Asset Management now owns 92,600 shares of the company’s stock worth $972,000 after acquiring an additional 16,100 shares during the period. Institutional investors and hedge funds own 49.12% of the company’s stock.
In other news, insider Benjamin Bressler sold 14,931 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $10.77, for a total value of $160,806.87. Following the transaction, the insider now owns 188,157 shares in the company, valued at $2,026,450.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 50.10% of the stock is owned by company insiders.
About Lindblad Expeditions Holdings
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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