We'd be surprised if Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) shareholders haven't noticed that the Independent Director, Thomas Smith, recently sold US$179k worth of stock at US$7.51 per share. That sale was 23% of their holding, so it does make us raise an eyebrow.
View our latest analysis for Lindblad Expeditions Holdings
Lindblad Expeditions Holdings Insider Transactions Over The Last Year
Notably, that recent sale by Thomas Smith is the biggest insider sale of Lindblad Expeditions Holdings shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$7.41. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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Insider Ownership Of Lindblad Expeditions Holdings
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Lindblad Expeditions Holdings insiders own 31% of the company, currently worth about US$124m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Lindblad Expeditions Holdings Tell Us?
The insider sales have outweighed the insider buying, at Lindblad Expeditions Holdings, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. It is good to see high insider ownership, but the insider selling leaves us cautious. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 3 warning signs for Lindblad Expeditions Holdings you should be aware of, and 1 of these makes us a bit uncomfortable.
Of course Lindblad Expeditions Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.