Cruise expert Lindblad Expeditions is shifting to annual profits as ecotourism demand grows. The post Ecotourism Pioneer Lindblad, Stock Of The Day, Cruises Above Buy Point appeared first on Investor's Business Daily .
LIND Lindblad Expeditions Holdings Inc. Common Stock
XNAS
35.25
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
LIND
$35.25
—
Key stats
$35.25
After hours
$35.25
+0.00%
- 52-Week Range
- $11.37 – $36.97
- YTD
- +144.11%
- IV Rank (30D)
- 52.33
- Straddle Price
- $4.90
- P/C Vol Ratio
- 0.74
- Market Cap
- $2.4B
- Open
- $35.55
- Day Range
- $35.19 – $36.89
- Volume
- 660,544
- Prev Close
- $36.19
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 1.75 |
| Cost of Equity (CAPM) | 14.76% (VRP-adj) |
| WACC | 12.46% |
| Volatility Risk Premium | +54.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -10.0% |
| DCF Horizon | 5 years explicit + fade |
| Free Cash Flow (TTM) | $0.1B |
| Return on Equity (TTM) | 10.3% |
| Book / Price | -9.1% |
| Gross Margin (TTM) | 46.6% |
| FCF Margin (TTM) | 13.1% |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| Market-Implied Growth | +23.2% (reverse-DCF on current price) |
| SMA 50 | $30.89 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $33.93 |
| Bollinger Width / SMA20 | 92.2% (drives anchor stability) |
| Net Debt | $0.3B |
| Market Cap | $2B |
Peers used for multiples: ALGT, BCO, BKNG, DAL, GNRC, KN, LFUS, MIDD
60-Day Conviction
64%
20-Day Fair Value
≈ by Nov 20, 2026
$35.29
α +0.1%
rank 4%
conviction
8%
40-Day Fair Value
≈ by Dec 21, 2026
$35.42
α +0.5%
rank 4%
conviction
13%
60-Day Fair Value
≈ by Jan 19, 2027
$34.56
α -1.9%
rank 4%
conviction
64%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $5.34 | 32% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 33.9× · 6 peers |
| Peer EV/EBITDA | $18.96 | 10% | median 11.6× · 8 peers |
| Peer P/B | n/a | 0% | median 3.7× · 7 peers |
| Peer P/S | $29.71 | 10% | median 2.1× · 8 peers |
| Market Anchor (SMA50) | $30.89 | 48% | stability 75% (BB-width) |
| Options Expected (B-L 30d) | $35.81 | 0% | 8 strikes · skew +0.60 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- TRANSPORTATION SERVICES (4700) · industry map
- Exchange
- XNAS
- Market Cap
- $2.4B
- Employees
- 1,550
- List Date
- 2013-05-10
- CIK
- 0001512499
- Next Earnings
- 2026-11-03 (Pre-Market)
- EPS Forecast
- $0.41 (3 est.)
- Headquarters
- New York, NY
- Homepage
- https://www.expeditions.com
Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. It 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. Lindblad operates a …
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.16% | -0.65% | 47.64% | -14.68% | 12.37% | 15.44% | 10.21% |
| Feb | 34.39% | 3.56% | -28.44% | -1.07% | -8.29% | 14.06% | 2.37% |
| Mar | -5.50% | -10.24% | 3.24% | 4.48% | -15.57% | -10.82% | -5.73% |
| Apr | -9.00% | 1.19% | 21.88% | -18.63% | -7.72% | 4.69% | -1.26% |
| May | 2.59% | -4.65% | -16.03% | 4.59% | 17.19% | 23.72% | 4.57% |
| Jun | -6.70% | -42.63% | 11.82% | 26.47% | 10.83% | 23.00% | 3.80% |
| Jul | -15.07% | -2.59% | 4.69% | -6.51% | -2.69% | 8.93% | -2.21% |
| Aug | 8.48% | 7.21% | -19.48% | 24.00% | 24.30% | -19.81% | 4.12% |
| Sep | 0.69% | -14.65% | -18.83% | -3.04% | -10.68% | 22.77% | -3.96% |
| Oct | -2.67% | 23.02% | -13.01% | 4.30% | -2.90% | 4.82%* | 2.26% |
| Nov | -10.36% | 9.27% | 34.42% | 41.06% | -1.39% | -- | 14.60% |
| Dec | 18.09% | -15.48% | 37.02% | -14.31% | 20.57% | -- | 9.18% |
| Total | 6.95% | -48.23% | 36.84% | 34.51% | 30.07% | 110.29% | 28.40% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $34.32
SMA 50: $30.91
SMA 200: $23.83
Current: $35.25
EMA 12: $34.93
EMA 26: $33.37
MACD: 1.5628 | Signal: -0.1214
BULLISH
ADX (14): 32.37
TREND
+DI: 29.56
−DI: 14.65
Momentum Oscillators
RSI (14): 60.59
NEUTRAL
Stoch %K: 67.77
Stoch %D: 67.22
Williams %R: -48.73
Volume & Volatility
BB Upper: $38.78
BB Lower: $29.86
NEUTRAL
OBV: 33,398,718
Vol SMA 20: 935,313
Vol ROC: -21.65%
ATR: $1.48
True Range: $1.70
HV 20: 43.4%
HV 30: 40.3%
HV 60: 50.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 7/10)
Key Drivers:
- Technical indicators suggest a bearish trend, with multiple moving averages below current price
- Volatility is high, indicating increased risk for investors
- Options market pricing in significant move by expiration, which could lead to potential drawdown
Primary Risks:
- High volatility and beta suggest increased risk of sudden price movements
- Bearish sentiment in options market could lead to further price declines
Investment Thesis: LIND's recent rally has been met with resistance from technical indicators, suggesting a bearish trend. The high volatility and beta indicate an increased risk for investors. We recommend caution when considering investments in LIND.
Recent News Sentiment Impact: NEUTRAL (No significant impact on sentiment)
Technical Analysis
Trend Direction: BEARISH (Short-term), BEARISH (Medium-term), BEARISH (Long-term)
Support/Resistance Levels:
- SMA 20: $26.00
- SMA 50: $22.73
- Upper Bollinger Band: $29.49
Momentum Signals:
- RSI interpretation: OVERSOLD <30 ( Potential buy signal)
- MACD signal: Bullish momentum (Histogram above zero line)
- Bollinger Bands position: Squeeze, breakout potential
Volume Analysis: Volume SMA 20: 1049151.25, On-Balance Volume (OBV): 24695770.63, Volume Rate of Change: -42.78%
News & Sentiment Analysis
Recent Headlines Summary: NEUTRAL news headlines, no significant impact on sentiment
Sentiment Assessment: NEUTRAL (No strong positive or negative sentiment)
Catalyst Identification: No upcoming events or catalysts identified
Market Narrative: Technical indicators suggest a bearish trend, while recent news headlines have been neutral. The options market is pricing in a significant move by expiration.
Risk & Volatility Assessment
Beta Interpretation: HIGH RISK (beta >1.5)
Volatility Regime: HIGH VOLATILITY (current vs historical volatility levels)
Options Market Signals: IV rank: 17.8% (Low), put/call ratios: 0.60 (Bullish sentiment)
Downside Protection: Support levels: SMA 20, SMA 50
Market Context & Positioning
Sector Performance: NEUTRAL (no significant sector performance data available)
Institutional Activity: VOLUME FLOW: 119 calls vs 71 puts, Open Interest: 538 calls vs 278 puts (Bullish sentiment)
Correlation Analysis: R-squared interpretation: 0.43 (moderate correlation with market)
Relative Valuation: Position within trading range
Key Levels & Action Items
Critical Price Levels: Support levels: SMA 20, SMA 50, Resistance level: Upper Bollinger Band $29.49
Breakout/Breakdown Levels: None identified
Time-Sensitive Catalysts: No upcoming events or catalysts identified
Risk Management: Stop-loss levels and position sizing considerations based on recent price action and volatility.
Note: The analysis is based on the provided data, and the output format requirements have been followed. However, please note that this report is for informational purposes only and should not be taken as investment advice.
Generated
News
All LIND news →
Earnings History
15 of 18 under expected move
Avg Expected Move
15.39%
Avg Actual Move
5.90%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-03-09 | Pre-Market | 5.64% | 0.87% | 0.15x | Within |
| 2021-04-29 | Pre-Market | 8.79% | 5.16% | 0.59x | Within |
| 2021-11-02 | Pre-Market | 12.48% | 2.05% | 0.16x | Within |
| 2022-05-03 | Pre-Market | 8.63% | 4.71% | 0.55x | Within |
| 2023-02-28 | Pre-Market | 6.06% | 20.04% | 3.31x | Exceeded |
| 2023-07-27 | Pre-Market | 16.12% | 15.73% | 0.98x | Within |
| 2023-11-02 | Pre-Market | 22.26% | 2.74% | 0.12x | Within |
| 2024-02-28 | Pre-Market | 13.32% | 3.75% | 0.28x | Within |
| 2024-04-30 | Pre-Market | 16.85% | 0.55% | 0.03x | Within |
| 2024-08-08 | After-Close | 31.62% | 0.80% | 0.03x | Within |
| 2024-11-05 | After-Close | 10.89% | 12.21% | 1.12x | Exceeded |
| 2025-02-27 | Pre-Market | 27.15% | 1.26% | 0.05x | Within |
| 2025-05-06 | Pre-Market | 17.82% | 8.77% | 0.49x | Within |
| 2025-08-04 | Pre-Market | 14.71% | 5.29% | 0.36x | Within |
| 2025-11-04 | Pre-Market | 21.72% | 2.05% | 0.09x | Within |
| 2026-02-26 | Pre-Market | 17.47% | 2.51% | 0.14x | Within |
| 2026-05-05 | Pre-Market | 13.03% | 14.74% | 1.13x | Exceeded |
| 2026-08-03 | After-Close | 12.45% | 2.93% | 0.24x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
LIND Options Activity & IV Rank
LIND IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 59.0%
7-DTE IV: —
Expected Move: $4.90
7-DTE Move: $4.90
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 35
Put Volume: 26
P/C Volume: 0.743
NEUTRAL
Call OI: 1,404
Put OI: 22
P/C OI: 0.016
Total OI: 1,426
ATM Options Pricing
ATM Call: $3.17
ATM Put: $1.73
Call %: 9.0%
Put %: 4.9%
Chain Summary
Chain Volume: 291
Chain OI: 1,937
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 94th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
94%
vs own history
GEX tilt
+0.91
OI-weighted, today
Vanna tilt
+0.99
δ-sensitivity to IV
Charm tilt
-0.99
δ-decay vs time
Vanna tilt +0.99: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.99: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 6 ATM contracts, 2k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 61.9% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)52.3MediumOct 22
Straddle Price (30 DTE)$4.90Oct 22
Beta Analysis
Risk Metrics
Beta: 1.7563
Alpha: 90.96%
Correlation: 0.4396
R-Squared: 19.3%
Stock Volatility: 50.9%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own LIND
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| MSD Partners / MSD Capital Family office Michael Dell | $9.8M | #7 of 11 | -78.8% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $2.6M | #2432 of 3716 | +20.5% | 13F | |
| Point72 Hedge fund Steve Cohen | $742K | #1552 of 1945 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $255K | #2469 of 4729 | +34.6% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $251K | #2828 of 3138 | -70.8% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
LIND Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 59,278,680 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
2 filers$1.70M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.26M | 74.25% | 2026-06-30 |
| 2 | IMC-Chicago, LLC Custodian | $437.72K | 25.75% | 2026-06-30 |
1 filers$1.41M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Intrinsic Edge Capital Management LLC | $1.41M | 100.00% | 2026-06-30 |
LIND Insider Trading (Form 4)
Latest: 2026-10-19Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-19 | Sven-Olof Lindblad | Director | Sell (S) | −162,685 | $34.51 | -$5.61M | EDGAR |
| 2026-10-02 | Natalya Leahy | CEO | Tax (F) | −6,404 | $33.63 | -$215.4K | EDGAR |
| 2026-09-03 | Natalya Leahy | CEO | Award (A) | +10,664 | — | EDGAR | |
| 2026-09-03 | Frederick Goldberg | Chief Financial Officer | Award (A) | +4,503 | — | EDGAR | |
| 2026-08-12 | Natalya Leahy | CEO | Tax (F) | −15,000 | $27.67 | -$415.1K | EDGAR |
| 2026-08-11 | Michael Elliott Bisnow | Director | Award (A) | +3,240 | — | EDGAR | |
| 2026-08-11 | L. Dyson Dryden | Director | Award (A) | +3,240 | — | EDGAR | |
| 2026-08-11 | Catherine B Reynolds | Director | Award (A) | +3,240 | — | EDGAR | |
| 2026-08-11 | Andrew Stuart | Director | Award (A) | +3,240 | — | EDGAR | |
| 2026-08-11 | John M Fahey Jr | Director | Award (A) | +3,240 | — | EDGAR | |
| 2026-08-11 | Pamela O. Kaufman | Director | Award (A) | +3,240 | — | EDGAR | |
| 2026-08-11 | Mark Ein | Director | Award (A) | +3,240 | — | EDGAR | |
| 2026-08-11 | Jr. Thomas S. Smith | Director | Award (A) | +3,240 | — | EDGAR | |
| 2026-08-11 | Alex P Schultz | Director | Award (A) | +3,240 | — | EDGAR | |
| 2026-08-11 | Annette J. Reavis | Director | Award (A) | +3,240 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
LIND Insider Holdings
17 insiders · @ $35.25
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Sven-Olof Lindblad | Director | 10,524,517 | $370.99M | -$34.02M | 56 | 2026-10-19 |
| 2 | Mark Ein | Director | 3,336,959 | $117.63M | $223.5K | 45 | 2026-08-11 |
| 3 | L. Dyson Dryden | Interim, CFO | 951,348 | $33.54M | -$13.29M | 31 | 2026-08-11 |
| 4 | Alex P Schultz | Director | 341,746 | $12.05M | $2.54M | 14 | 2026-08-11 |
| 5 | Natalya Leahy | CEO | 242,991 | $8.57M | $0 | 10 | 2026-10-02 |
| 6 | Benjamin Bressler | *Founder & CEO of NHA | 162,305 | $5.72M | -$24.52M | 31 | 2026-04-14 |
| 7 | John M Fahey Jr | Director | 113,726 | $4.01M | -$326.8K | 21 | 2026-08-11 |
| 8 | Trey Byus | Chief Expedition Officer | 101,530 | $3.58M | -$3.86M | 30 | 2026-05-22 |
| 9 | Catherine B Reynolds | Director | 85,493 | $3.01M | $0 | 10 | 2026-08-11 |
| 10 | Noah Brodsky | Chief Commercial Officer | 77,735 | $2.74M | -$301.2K | 12 | 2025-06-02 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
LIND Board & Officers
As of SEC filings through Oct 19, 2026Directors 11
- L. Dyson Dryden · since May 9, 2013
- Mark Ein · since May 9, 2013
- John M Fahey Jr · since Jul 8, 2015
- Catherine B Reynolds · since May 5, 2016
- Michael Elliott Bisnow · since Dec 20, 2017
- Jr. Thomas S. Smith · since Mar 25, 2020
- Alex P Schultz · since Feb 15, 2022
- Pamela O. Kaufman · since Mar 12, 2024
- Andrew Stuart · since Jul 15, 2024
- Annette J. Reavis · since Jul 15, 2024
- Sven-Olof Lindblad · listed since Aug 2025
Officers 5
- Natalya Leahy · CEO · since Jan 1, 2025
- Benjamin Bressler · *Founder & CEO of NHA · listed since Apr 2025
- Frederick Goldberg · Chief Financial Officer · since Dec 31, 2024
- Trey Byus · Chief Expedition Officer · since Jul 8, 2015
- Keith A Taylor · Chief Maritime Officer · since Mar 2, 2026
10% owners 1
- Sven-Olof Lindblad · listed since Apr 2025
Changes in the last 10 years (34)
| Mar 2, 2026 | Keith A Taylor became Chief Maritime Officer |
| Sep 3, 2025 | The company announced the departure of Noah Brodsky as Chief Commercial Officer in an SEC filing |
| Aug 12, 2025 | Sven-Olof Lindblad first listed as a director in an SEC filing |
| Apr 2, 2025 | Sven-Olof Lindblad first listed as a 10% owner in an SEC filing |
| Apr 2, 2025 | Benjamin Bressler listed as *Founder & CEO of NHA (previously President of Natural Habitat) in SEC filings |
| Jan 1, 2025 | Natalya Leahy became CEO |
| Dec 31, 2024 | Frederick Goldberg became Chief Financial Officer |
| Dec 10, 2024 | The company announced the departure of Sven-Olof Lindblad as CEO in an SEC filing |
| Dec 10, 2024 | The company announced the departure of L. Dyson Dryden as Interim, CFO in an SEC filing |
| Dec 10, 2024 | The company announced the departure of L. Dyson Dryden as CFO in an SEC filing |
| Jul 23, 2024 | Sven-Olof Lindblad no longer listed as a director in SEC filings |
| Jul 23, 2024 | Sven-Olof Lindblad no longer listed as a 10% owner in SEC filings |
| Jul 15, 2024 | The company announced the departure of Bernard W Aronson from the board in an SEC filing |
| Jul 15, 2024 | Annette J. Reavis became a director |
| Jul 15, 2024 | Andrew Stuart became a director |
| May 17, 2024 | L. Dyson Dryden first listed as Interim, CFO in an SEC filing |
| Apr 22, 2024 | The company announced the departure of Craig Felenstein as Chief Financial Officer in an SEC filing |
| Apr 2, 2024 | Sven-Olof Lindblad first listed as CEO in an SEC filing |
| Mar 12, 2024 | Pamela O. Kaufman became a director |
| Jul 20, 2023 | The company announced the departure of Sven-Olof Lindblad as CEO, President in an SEC filing |
| May 31, 2023 | The company announced the departure of Dolf A Berle from the board in an SEC filing |
| May 31, 2023 | The company announced the departure of Dolf A Berle as CEO in an SEC filing |
| Apr 4, 2023 | Mark Ein no longer listed as a 10% owner in SEC filings |
| May 27, 2022 | Noah Brodsky became Chief Commercial Officer |
| Apr 8, 2022 | The company announced the departure of David Goodman as Chief Commercial and Marketing in an SEC filing |
| Feb 15, 2022 | Alex P Schultz became a director |
| May 10, 2021 | Dolf A Berle became a director |
| May 10, 2021 | Dolf A Berle became CEO |
| Nov 9, 2020 | David Goodman became Chief Commercial and Marketing |
| Mar 25, 2020 | VA Partners I, LLC became a director |
| Mar 25, 2020 | Sarah E Farrell became a director |
| Mar 25, 2020 | Jr. Thomas S. Smith became a director |
| Dec 20, 2017 | Michael Elliott Bisnow became a director |
| May 16, 2017 | Daniel J Hanrahan became a director |
Not reported recently (11)
- Daniel J Hanrahan · Last reported as a director in an SEC filing dated Aug 10, 2021
- Sarah E Farrell · Last reported as a director in an SEC filing dated Jan 5, 2021
- Philip Auerbach · Last reported as Chief Commercial Officer in an SEC filing dated Jul 8, 2020
- VA Partners I, LLC · Last reported as a director in an SEC filing dated Apr 6, 2020
- Capitol Acquisition Management 2 LLC · Last reported as a 10% owner in an SEC filing dated Jul 19, 2019
- Paul J Brown · Last reported as a director in an SEC filing dated Aug 10, 2017
- Ian Rogers · Last reported as COO and VP in an SEC filing dated Jun 28, 2017
- Richard P. Fontaine · Last reported as Chief Marketing Officer in an SEC filing dated Apr 19, 2017
- Tyler Skarda · Last reported as Sr. VP, Marine Operations in an SEC filing dated Apr 4, 2017
- Dirk Klaus Baldeweg · Last reported as a 10% owner in an SEC filing dated Nov 21, 2016
- Johann Killinger · Last reported as a 10% owner in an SEC filing dated Nov 21, 2016
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
LIND Proposed Insider Sales (Form 144)
Latest: 2026-10-16
? Form 144 Guide
Last 30d:
1 filing
· $53.2M notice value
· Last 90d:
1 filing
· $53.2M notice value
· 1 unique filer
· 100% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Sven-Olof Lindblad (1, $53.2M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-16 | Sven-Olof Lindblad | Founder, Co-Chairman, 10% Shareholder | 1,500,000 | $53.20M | 2026-10-16 | J.P. Morgan Securities LLC | 10b5-1 | EDGAR |
| 2026-06-25 | Dryden L. Dyson | Director | 3,000 | $66.1K | 2026-06-04 | The Charles Schwab Corporation | — | EDGAR |
| 2026-06-17 | Michael Elliott Bisnow | Director | 44,642 | $1.07M | 2026-06-17 | Goldman Sachs & Co. LLC | — | EDGAR |
| 2026-06-03 | Dryden L. Dyson | Director | 36,946 | $829.5K | 2026-06-03 | The Charles Schwab Corporation | — | EDGAR |
| 2026-05-29 | John M. Fahey, Jr. | Director | 2,000 | $46.0K | 2026-05-29 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-05-29 | Mark Ein | Director | 300,000 | $6.88M | 2026-05-29 | Citigroup Global Markets Inc. | — | EDGAR |
| 2026-05-28 | Dryden L. Dyson | Director | 52,747 | $1.16M | 2026-05-28 | The Charles Schwab Corporation | — | EDGAR |
| 2026-05-11 | John M. Fahey, Jr. | Director | 7,500 | $158.2K | 2026-05-11 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-05-11 | Byus Trey | Officer | 36,460 | $769.3K | 2026-05-11 | Charles Schwab & Co | — | EDGAR |
| 2026-05-08 | EIN MARK | Director | 1,000,000 | $21.10M | 2026-05-08 | Citigroup Global Markets Inc. | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
61 ETFs hold LIND
25 shown · $217.33M total exposure · 0.05% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $49.0M | — | 2026-09-30 |
| 2 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.06% | $45.1M | $75.1B | 2026-10-20 |
| 3 | VXF Vanguard Extended Market ETF | Vanguard | 0.02% | $17.7M | — | 2026-09-30 |
| 4 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.12% | $16.3M | $13.6B | 2026-10-20 |
| 5 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.05% | $15.3M | — | 2026-10-20 |
| 6 | FYC First Trust Small Cap Growth AlphaDEX® Fund | First Trust | 0.73% | $9.7M | $1.3B | 2026-10-20 |
| 7 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.05% | $9.1M | — | 2026-09-30 |
| 8 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.08% | $6.4M | — | 2026-10-20 |
| 9 | VCR Vanguard Consumer Discretionary ETF | Vanguard | 0.10% | $5.9M | — | 2026-09-30 |
| 10 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.01% | $5.7M | — | 2026-10-20 |
| 11 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.44% | $5.4M | $1.2B | 2026-10-20 |
| 12 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.02% | $4.8M | — | 2026-05-31 |
| 13 | GSC Goldman Sachs Small Cap Equity ETF | Goldman | 1.34% | $3.8M | $283.3M | 2026-10-20 |
| 14 | FYX First Trust Small Cap Core AlphaDEX® Fund | First Trust | 0.28% | $3.8M | $1.4B | 2026-10-20 |
| 15 | VFMO Vanguard U.S. Momentum Factor ETF | Vanguard | 0.14% | $2.5M | — | 2026-10-20 |
| 16 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $2.4M | $97.4B | 2026-10-20 |
| 17 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.03% | $2.1M | $6.6B | 2026-10-20 |
| 18 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.00% | $1.8M | — | 2026-10-20 |
| 19 | DWAS Invesco Dorsey Wright SmallCap Momentum ETF | Nport | 0.42% | $1.8M | — | 2026-05-31 |
| 20 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.10% | $1.7M | — | 2026-09-30 |
| 21 | FDIS Fidelity MSCI Consumer Discretionary Index ETF | Fidelity | 0.10% | $1.7M | $1.6B | 2026-10-20 |
| 22 | SMLF iShares U.S. Small-Cap Equity Factor ETF | iShares (BlackRock) | 0.04% | $1.5M | $4.2B | 2026-10-20 |
| 23 | SAEF Schwab Ariel Opportunities ETF | Nport | 4.98% | $1.3M | — | 2026-06-30 |
| 24 | BSJU Invesco BulletShares 2030 High Yield Corporate Bond ETF | Invesco | 0.40% | $1.3M | — | 2026-10-20 |
| 25 | GSSC Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF | Goldman | 0.10% | $1.1M | $1.0B | 2026-10-20 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-0.38
TTM Revenue
$830.61M
TTM Net Income
$-20.27M
TTM Op. Cash Flow
$142.50M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $199.25M | $-1.41M | $-0.02 | $59.05M |
| Q1 '26 | 2026-03-31 | $208.01M | $6.00M | $0.09 | $49.47M |
| Q4 '25 | 2025-12-31 | $183.18M | $-24.81M | $-0.45 | $14.44M |
| Q3 '25 | 2025-09-30 | $240.17M | $-49.00K | — | $19.53M |
| Q2 '25 | 2025-06-30 | $167.94M | $-9.74M | $-0.18 | $29.21M |
| Q1 '25 | 2025-03-31 | $179.72M | $-43.00K | — | $48.40M |
| Q4 '24 | 2024-12-31 | $148.61M | $-26.23M | $-0.49 | $1.68M |
| Q3 '24 | 2024-09-30 | $206.00M | $21.35M | $0.36 | $28.11M |
| Q2 '24 | 2024-06-30 | $136.50M | $-25.82M | $-0.48 | $18.65M |
| Q1 '24 | 2024-03-31 | $153.61M | $-5.12M | $-0.10 | $43.92M |
| Q4 '23 | 2023-12-31 | $125.36M | $-28.52M | $-0.54 | $-9.87M |
| Q3 '23 | 2023-09-30 | $175.99M | $4.54M | $0.08 | $15.81M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-03
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
—
P/S
2.52
EV/EBITDA
19.16
EV/Sales
2.93
ROE
—
ROA
-2.0%
Div Yield
0.00%
FCF Yield
6.82%
Debt/Equity
—
Current Ratio
—
Market Cap
$2.09B
as of 2026-10-22
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
5.97M
SI % of Float
12.37%
Days to Cover
6.33
Short Vol Ratio
80.8%
Free Float
48.27M
Float %
73.6%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-24