Lindblad Expeditions Holdings Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:LIND Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
22 Apr 25	BuyUS$445,245	Alexander Schultz	Individual	55,106	US$8.30
17 Dec 24	SellUS$82,320	John Fahey	Individual	7,000	US$11.76
28 Aug 24	SellUS$150,612	Noah Brodsky	Individual	14,344	US$10.50
21 Aug 24	BuyUS$255,288	Sven-Olof Lindblad	Individual	32,117	US$7.95
19 Aug 24	BuyUS$19,300	Pamela Kaufman	Individual	2,500	US$7.72
05 Aug 24	BuyUS$275,292	Alexander Schultz	Individual	37,586	US$7.43
21 Jun 24	BuyUS$261,724	Alexander Schultz	Individual	34,470	US$7.69
30 May 24	BuyUS$37,822	Alexander Schultz	Individual	4,912	US$7.70
21 May 24	BuyUS$222,244	Alexander Schultz	Individual	28,933	US$7.69

Insider Trading Volume

Insider Buying: LIND insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of LIND?
Owner Type	Number of Shares	Ownership Percentage
General Public	1,843,553	3.38%
Individual Insiders	17,131,312	31.4%
Institutions	35,611,532	65.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 77.93% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
21.6%	Sven-Olof Lindblad	11,775,063	US$104.2m	-0.42%	no data
13.4%	Ariel Investments, LLC	7,336,722	US$64.9m	-8.9%	0.75%
6%	Mark Ein	3,276,490	US$29.0m	0%	no data
4.89%	BlackRock, Inc.	2,670,877	US$23.6m	-12.9%	no data
4.06%	The Vanguard Group, Inc.	2,215,723	US$19.6m	-2.19%	no data
2.89%	Principal Global Investors, LLC	1,576,532	US$14.0m	-6.63%	0.01%
2.8%	Anchor Capital Management Company, LLC	1,529,089	US$13.5m	6.89%	18.18%
2.29%	Royce & Associates, LP	1,252,507	US$11.1m	-11.2%	0.11%
1.89%	L. Dryden	1,031,902	US$9.1m	7.83%	no data
1.83%	Pinnacle Associates, Ltd.	1,000,892	US$8.9m	66.3%	0.13%
1.72%	Black Diamond Financial, LLC	940,912	US$8.3m	4.03%	1.3%
1.56%	Geode Capital Management, LLC	854,157	US$7.6m	0.17%	no data
1.5%	Franklin Resources, Inc.	816,433	US$7.2m	0%	no data
1.49%	State Street Global Advisors, Inc.	814,819	US$7.2m	3.03%	no data
1.35%	Silvercrest Asset Management Group LLC	739,108	US$6.5m	29.6%	0.05%
1.34%	Aperture Investors, LLC	733,462	US$6.5m	-38.5%	0.83%
1%	Portolan Capital Management, LLC	544,273	US$4.8m	110%	0.38%
0.93%	UBS Asset Management AG	507,271	US$4.5m	34.9%	no data
0.92%	Connor, Clark & Lunn Investment Management Ltd.	499,873	US$4.4m	71%	0.02%
0.82%	Penn Capital Management Company, LLC	449,796	US$4.0m	0%	0.44%
0.76%	Marshall Wace LLP	412,601	US$3.7m	13.6%	0.01%
0.73%	Morgan Stanley, Investment Banking and Brokerage Investments	397,998	US$3.5m	98.8%	no data
0.72%	Formula Growth Limited	390,775	US$3.5m	-4.87%	1.35%
0.71%	Arrowstreet Capital, Limited Partnership	388,688	US$3.4m	0%	no data
0.7%	Millennium Management LLC	381,900	US$3.4m	-25%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/29 21:48
End of Day Share Price	2025/04/29 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lindblad Expeditions Holdings, Inc. is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alex Fuhrman	Craig-Hallum Capital Group LLC
Joel Simkins	Credit Suisse
Chris Woronka	Deutsche Bank