Lindblad Expeditions Holdings, Inc. (LIND)

Over the past six months, Lindblad Expeditions Holdings, Inc. (LIND) stock price has seen significant positive movement, increasing by 31.34% and hitting a new 52-week high in January 2026. In Q3 2025, the company reported revenue of $240.17 million, beating analyst estimates, and raised its full-year 2025 guidance. Lindblad Expeditions refinanced its long-term debt by issuing $675 million of new senior secured notes, which lowered interest to 7% and extended maturity to 2030. CEO Benjamin Bressler sold 16,123 shares of the company's stock for approximately $242,167.46. Benchmark initiated coverage of LIND with a "Buy" recommendation.

Demand for Lindblad Expeditions' products and services exhibits seasonality, with strong booking trends for future travel. The Antarctica season is a period of high demand, with both fly programs and regular Antarctica products performing exceptionally well. Bookings for 2025 and 2026 are tracking ahead of prior years for both the Lindblad expedition segment and the land experiences segment. Popular destinations like Alaska have seen significant waitlists and exceptional pricing power. The company is confident in returning to pre-pandemic occupancy levels in 2026. In July 2025, Lindblad Expeditions experienced its most successful seven-day sales period in company history, driven by early bookings for its 2027-28 global deployment.

Lindblad Expeditions Holdings, Inc. (LIND) is a global expedition travel company that specializes in immersive, small-ship voyages and land-based adventure travel experiences. The company focuses on connecting travelers with nature and culture, emphasizing education, conservation, and sustainable practices. Lindblad operates a fleet of owned and chartered expedition ships, designed for access to remote locations and accommodating between 28 and 150 guests. Lindblad Expeditions has a long-standing strategic partnership with National Geographic, which was extended through 2040. Lindblad Expeditions Holdings, Inc. has diversified its product offerings through several subsidiary brands that focus on land-based adventure travel, including Natural Habitat Adventures, Off the Beaten Path, LLC, DuVine Cycling + Adventure Co., Classic Journeys, LLC, and Wineland-Thomson Adventures Inc.

Lindblad Expeditions offers over 100 itineraries across all seven continents. Key operational areas for its expedition cruises include polar regions such as the Arctic and Antarctica, the Galápagos Islands, Alaska, and Baja California's Sea of Cortez. The company is also expanding into European river cruises, with chartered operations under the Lindblad-NatGeo co-branding set to commence in 2026.

Lindblad Expeditions maintains a strong brand reputation, particularly in the expedition travel sector, built on its pioneering history, commitment to sustainability, and long-standing partnership with National Geographic. The strategic relationship with National Geographic was extended through 2040, solidifying global rights for expedition cruises and enhancing brand recognition. Lindblad Expeditions announced it would be rebranding as "National Geographic-Lindblad Expeditions" to leverage the strong global awareness and power of the National Geographic brand. The company received multiple "Cruise Critic Best in Cruise Awards" in 2025 for both the U.S. and U.K. markets. Lindblad is recognized as a leader in "responsible exploration" and sustainability, operating as a 100% carbon-neutral company.

The ownership structure of Lindblad Expeditions Holdings, Inc. is primarily composed of institutional investors and company insiders. As of August 3, 2025, institutional investors and hedge funds collectively held 75.94% of the company's stock, while insiders hold a substantial stake, accounting for 56.54% of the ownership. Major institutional owners include Ariel Investments, Llc, BlackRock, Inc., Vanguard Group Inc, Anchor Capital Management Company, Llc, Principal Financial Group Inc, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Royce & Associates Lp and Pinnacle Associates Ltd. Sven-Olof Lindblad, the company's founder and co-chairman, owns the most shares among individual investors.