Investors who take an interest in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) should definitely note that the Independent Director, Alexander Schultz, recently paid US$8.08 per share to buy US$445k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 22%.

Our free stock report includes 1 warning sign investors should be aware of before investing in Lindblad Expeditions Holdings. Read for free now.

Lindblad Expeditions Holdings Insider Transactions Over The Last Year

Notably, that recent purchase by Alexander Schultz is the biggest insider purchase of Lindblad Expeditions Holdings shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$8.88. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

Happily, we note that in the last year insiders paid US$1.5m for 195.62k shares. But they sold 21.34k shares for US$233k. In the last twelve months there was more buying than selling by Lindblad Expeditions Holdings insiders. 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!

View our latest analysis for Lindblad Expeditions Holdings

Lindblad Expeditions Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Lindblad Expeditions Holdings insiders own about US$150m worth of shares (which is 31% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Lindblad Expeditions Holdings Tell Us?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Lindblad Expeditions Holdings insiders are well aligned, and quite possibly think the share price is too low. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - Lindblad Expeditions Holdings has 1 warning sign we think you should be aware of.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.