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When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Lindblad Expeditions Holdings, Inc.'s (NASDAQ:LIND) instance, it's good news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Lindblad Expeditions Holdings
Lindblad Expeditions Holdings Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director Alexander Schultz for US$275k worth of shares, at about US$7.43 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$11.86. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months insiders purchased 173.53k shares for US$1.3m. But they sold 21.34k shares for US$233k. In total, Lindblad Expeditions Holdings insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insiders At Lindblad Expeditions Holdings Have Sold Stock Recently
Over the last three months, we've seen significant insider selling at Lindblad Expeditions Holdings. In total, Independent Director John Fahey sold US$82k worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain.
Does Lindblad Expeditions Holdings Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Lindblad Expeditions Holdings insiders own 32% of the company, worth about US$206m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Lindblad Expeditions Holdings Insiders?
An insider hasn't bought Lindblad Expeditions Holdings stock in the last three months, but there was some selling. On the other hand, the insider transactions over the last year are encouraging. On top of that, insiders own a significant portion of the company. So we're happy to look past recent trading. While it's good to be aware of 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. To that end, you should learn about the 2 warning signs we've spotted with Lindblad Expeditions Holdings (including 1 which is a bit unpleasant).