Lindblad Expeditions Holdings, Inc. (LIND)

Lindblad Expeditions Holdings, Inc. stock has shown an 11% price return in the past six months. As of October 20, 2025, the stock price was $12.00 per share, up from $9.57 per share on October 21, 2024, with a +40.49% increase over the last six months. In Q1 2025, Lindblad Expeditions reported revenue of $180 million and EPS of $0.01. In Q3 2025, the company reported ($0.18) earnings per share, beating analysts' consensus estimates. Analyst ratings have varied, with upgrades from Zacks Research and initiations from Texas Capital Securities, but downgrades from Wall Street Zen and Weiss Ratings. In August, insider Trey Byus sold 16,585 shares of Lindblad Expeditions stock. In July, Lindblad Expeditions Holdings, Inc. amended its agreements with Natural Habitat, Inc. and Ben Bressler.

Lindblad Expeditions' business is subject to seasonality due to expedition travel to regions like Antarctica and the Arctic aligning with optimal weather conditions. The mention of "seasonal chartered ships" implies that certain periods have higher demand. Bookings for future expeditions can occur well in advance, potentially smoothing out revenue recognition. The company's diversified portfolio mitigates some of the seasonality associated with purely polar or marine expeditions.

Lindblad Expeditions Holdings, Inc. is an adventure travel company specializing in marine expedition adventures and land-based travel experiences. The company operates in the adventure travel and expedition cruising sector, emphasizing education, conservation, and exploration, and has a partnership with National Geographic Partners, LLC. The Lindblad segment focuses on ship-based expeditions to wild and remote places, offering activities like kayaking and wildlife observation. As of March 2023, Lindblad operated ten owned expedition vessels and five seasonal chartered ships. The Land Experiences segment provides touring programs and lodge experiences, including eco-conscious small-group tours and acquisitions like Off the Beaten Path, DuVine, and Classic Journeys.

Lindblad Expeditions Holdings, Inc. offers over 100 different expedition itineraries in more than 45 countries across all seven continents. The company focuses on polar regions, the Galápagos Islands, Alaska, Japan, Oceania, Easter Island, the Mediterranean, Europe, Baja California's Sea of Cortez, and Panama.

Lindblad Expeditions has a strong brand reputation for responsible and sustainable travel. The company offsets 100% of its carbon emissions, has eliminated single-use plastics, and established the Lindblad Expeditions-National Geographic Fund. In July 2025, Lindblad Expeditions announced its most successful seven-day sales period. National Geographic-Lindblad Expeditions has been actively promoting enhanced sales and marketing initiatives, including a new "National Geographic Explorers-in-Training" program. Analysts have highlighted the company's potential to capitalize on the growing adventure tourism sector.

Lindblad Expeditions Holdings, Inc. has 329 institutional owners and shareholders holding 43,102,554 shares, representing approximately 67.64% of the total shares outstanding. Major institutional owners include Ariel Investments, Llc, BlackRock, Inc., and Vanguard Group Inc. Sven-Olof Lindblad owns the most shares of Lindblad Expeditions Holdings Inc. Insiders hold approximately 32.07% of the company's stock, while retail investors hold approximately 47.36%.