Lindblad Expeditions Holdings (LIND) reported second-quarter 2026 tour revenue of $199.2 million, up 19% from the same period in 2025. Net loss available to stockholders was $1.4 million, or $0.02 per diluted share, compared with a net loss of $9.7 million, or $0.18 per diluted share, a year earlier.
The company said adjusted EBITDA rose 31% to $32.5 million. Lindblad segment net yield per available guest night increased 4% to $1,294, and occupancy increased to 91% from 86%.
- Total tour revenue was $199.2 million for the quarter ended June 30, 2026.
- Lindblad segment tour revenue rose 16% to $129.2 million.
- Land Experiences tour revenue rose 23% to $70.0 million.
- Cash, cash equivalents and restricted cash totaled $364.9 million as of June 30, 2026.
- The company maintained 2026 outlook for tour revenue of $830 million to $860 million and adjusted EBITDA of $130 million to $140 million.
- As of July 31, 2026, $12.0 million remained under the stock repurchase plan.
$LIND Insider Trading Activity
$LIND insiders have traded $LIND stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $LIND stock by insiders over the last 6 months:
- SVEN-OLOF LINDBLAD has made 0 purchases and 4 sales selling 388,817 shares for an estimated $6,738,201.
- BENJAMIN BRESSLER (*Founder & CEO of NHA) has made 0 purchases and 3 sales selling 309,867 shares for an estimated $5,508,533.
- L. DYSON DRYDEN has made 0 purchases and 2 sales selling 92,693 shares for an estimated $2,098,513.
- MICHAEL ELLIOTT BISNOW sold 44,642 shares for an estimated $1,080,952
- JR. THOMAS S. SMITH, sold 56,000 shares for an estimated $983,796
- TREY BYUS (Chief Expedition Officer) sold 10,000 shares for an estimated $200,500
- JOHN M JR FAHEY has made 0 purchases and 3 sales selling 10,768 shares for an estimated $197,107.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$LIND Hedge Fund Activity
We have seen 105 institutional investors add shares of $LIND stock to their portfolio, and 74 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 4,114,160 shares (+128970.5%) to their portfolio in Q1 2026, for an estimated $71,174,968
- ARIEL INVESTMENTS, LLC removed 1,679,756 shares (-32.8%) from their portfolio in Q1 2026, for an estimated $29,059,778
- MSD PARTNERS, L.P. added 1,635,281 shares (+inf%) to their portfolio in Q1 2026, for an estimated $28,290,361
- SELECT EQUITY GROUP, L.P. added 1,058,055 shares (+inf%) to their portfolio in Q1 2026, for an estimated $18,304,351
- ANCHOR CAPITAL MANAGEMENT COMPANY, LLC removed 928,758 shares (-48.6%) from their portfolio in Q1 2026, for an estimated $16,067,513
- DRIEHAUS CAPITAL MANAGEMENT LLC added 617,993 shares (+108.8%) to their portfolio in Q1 2026, for an estimated $10,691,278
- NUVEEN, LLC added 477,559 shares (+292.0%) to their portfolio in Q1 2026, for an estimated $8,261,770
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
