Lindblad Expeditions Holdings Ownership

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

Recent Insider Transactions

DB:LI4 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
17 Dec 24	Sell€78,410	John Fahey	Individual	7,000	€11.20
28 Aug 24	Sell€135,340	Noah Brodsky	Individual	14,344	€9.44
21 Aug 24	Buy€229,351	Sven-Olof Lindblad	Individual	32,117	€7.14
19 Aug 24	Buy€17,449	Pamela Kaufman	Individual	2,500	€6.98
05 Aug 24	Buy€250,901	Alexander Schultz	Individual	37,586	€6.77
21 Jun 24	Buy€244,974	Alexander Schultz	Individual	34,470	€7.20
30 May 24	Buy€34,880	Alexander Schultz	Individual	4,912	€7.10
21 May 24	Buy€204,686	Alexander Schultz	Individual	28,933	€7.08
19 Apr 24	Buy€231,246	Alexander Schultz	Individual	33,016	€7.00

Insider Trading Volume

Insider Buying: LI4 insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of LI4?
Owner Type	Number of Shares	Ownership Percentage
General Public	3,520,289	6.48%
Individual Insiders	17,139,308	31.5%
Institutions	33,703,918	62%

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

Top Shareholders

Top 25 shareholders own 79.09% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
21.8%	Sven-Olof Lindblad	11,825,063	€140.3m	1.25%	no data
14.8%	Ariel Investments, LLC	8,053,790	€95.6m	-5.97%	0.96%
6.03%	Mark Ein	3,276,490	€38.9m	0%	no data
5.64%	BlackRock, Inc.	3,066,733	€36.4m	11.4%	no data
4.17%	The Vanguard Group, Inc.	2,265,365	€26.9m	1.83%	no data
2.9%	Principal Global Investors, LLC	1,576,532	€18.7m	-6.63%	0.01%
2.63%	Anchor Capital Management Company, LLC	1,430,575	€17.0m	7.95%	15.09%
2.59%	Royce & Associates, LP	1,410,294	€16.7m	0%	0.15%
2.2%	Aperture Investors, LLC	1,193,585	€14.2m	-18.5%	1.54%
1.9%	L. Dryden	1,031,902	€12.2m	7.83%	no data
1.73%	Black Diamond Financial, LLC	940,912	€11.2m	4.03%	1.71%
1.57%	Geode Capital Management, LLC	852,669	€10.1m	1.31%	no data
1.5%	Franklin Resources, Inc.	816,433	€9.7m	0.37%	no data
1.45%	State Street Global Advisors, Inc.	790,874	€9.4m	0.58%	no data
1.11%	Pinnacle Associates, Ltd.	602,015	€7.1m	1.05%	0.11%
1.05%	Silvercrest Asset Management Group LLC	570,150	€6.8m	0%	0.05%
0.94%	Millennium Management LLC	509,364	€6.0m	159%	0.01%
0.76%	Formula Growth Limited	410,775	€4.9m	-21.5%	1.58%
0.69%	UBS Asset Management AG	375,967	€4.5m	-1.25%	no data
0.67%	Marshall Wace LLP	363,256	€4.3m	10.4%	0.01%
0.65%	Stifel Asset Management Corp.	352,911	€4.2m	0%	no data
0.61%	New York State Common Retirement Fund	331,034	€3.9m	3,500%	0.01%
0.61%	Citadel Advisors LLC	330,951	€3.9m	16.1%	no data
0.57%	Charles Schwab Investment Management, Inc.	311,883	€3.7m	5.44%	no data
0.56%	Northern Trust Global Investments	304,724	€3.6m	2.7%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/11 06:47
End of Day Share Price	2025/02/11 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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