Castleark Management LLC purchased a new stake in shares of Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 162,910 shares of the company's stock, valued at approximately $8,129,000. Castleark Management LLC owned about 0.51% of Lincoln Educational Services as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in LINC. Next Century Growth Investors LLC boosted its holdings in shares of Lincoln Educational Services by 4.1% in the 4th quarter. Next Century Growth Investors LLC now owns 791,271 shares of the company's stock valued at $19,109,000 after buying an additional 31,370 shares during the last quarter. North Star Investment Management Corp. increased its holdings in Lincoln Educational Services by 17.4% during the first quarter. North Star Investment Management Corp. now owns 168,275 shares of the company's stock worth $6,845,000 after buying an additional 25,000 shares during the last quarter. MYDA Advisors LLC acquired a new position in Lincoln Educational Services during the fourth quarter worth $1,452,000. Manatuck Hill Partners LLC raised its position in Lincoln Educational Services by 63.2% during the fourth quarter. Manatuck Hill Partners LLC now owns 180,675 shares of the company's stock worth $4,363,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in Lincoln Educational Services during the first quarter worth $972,000. Institutional investors and hedge funds own 72.23% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Lincoln Educational Services from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Northland Securities set a $60.00 target price on shares of Lincoln Educational Services in a research note on Thursday, May 28th. Barrington Research set a $50.00 price target on Lincoln Educational Services in a report on Monday, August 10th. B. Riley Financial boosted their price target on Lincoln Educational Services from $46.00 to $56.00 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. Finally, Rosenblatt Securities dropped their price objective on Lincoln Educational Services from $60.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.67.
Check Out Our Latest Analysis on LINC
Lincoln Educational Services Price Performance
Shares of NASDAQ LINC opened at $25.42 on Wednesday. The business's 50 day moving average is $42.28 and its 200-day moving average is $41.16. The firm has a market cap of $806.32 million, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.12 and a beta of 0.83. Lincoln Educational Services Corporation has a 1-year low of $17.29 and a 1-year high of $56.34. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28.
Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 EPS for the quarter. Lincoln Educational Services had a return on equity of 14.47% and a net margin of 3.99%.The firm had revenue of $142.56 million for the quarter, compared to analyst estimates of $139.49 million. Lincoln Educational Services has set its FY 2026 guidance at 0.740-0.830 EPS. Equities research analysts predict that Lincoln Educational Services Corporation will post 0.78 earnings per share for the current year.
Insider Transactions at Lincoln Educational Services
In other news, Director Kevin M. Carney sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $48.00, for a total transaction of $144,000.00. Following the transaction, the director directly owned 25,039 shares of the company's stock, valued at approximately $1,201,872. This trade represents a 10.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alexandra M. Luster sold 18,007 shares of Lincoln Educational Services stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $44.64, for a total transaction of $803,832.48. Following the completion of the sale, the senior vice president owned 82,356 shares of the company's stock, valued at approximately $3,676,371.84. The trade was a 17.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 23,000 shares of company stock worth $1,047,702. 12.80% of the stock is owned by insiders.
Lincoln Educational Services Profile
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Free Report)
Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.
The company's program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.
Further Reading
Want to see what other hedge funds are holding LINC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report).
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