B. Riley Wealth Advisors Inc. Acquires New Position in Lincoln Educational Services Co. (NASDAQ:LINC)

B. Riley Wealth Advisors Inc. bought a new position in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,600 shares of the company's stock, valued at approximately $452,000. B. Riley Wealth Advisors Inc. owned 0.09% of Lincoln Educational Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Lincoln Educational Services by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,976 shares of the company's stock worth $237,000 after acquiring an additional 643 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Lincoln Educational Services by 39.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock worth $43,000 after purchasing an additional 775 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of Lincoln Educational Services by 156.4% during the 4th quarter. McIlrath & Eck LLC now owns 2,267 shares of the company's stock valued at $36,000 after purchasing an additional 1,383 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Lincoln Educational Services by 13.7% in the 4th quarter. MetLife Investment Management LLC now owns 15,456 shares of the company's stock worth $245,000 after purchasing an additional 1,859 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Lincoln Educational Services by 1.0% during the 4th quarter. Russell Investments Group Ltd. now owns 212,923 shares of the company's stock worth $3,368,000 after buying an additional 2,195 shares during the last quarter. Institutional investors own 72.23% of the company's stock.

Lincoln Educational Services Stock Performance

Shares of NASDAQ LINC traded down $0.36 during midday trading on Wednesday, reaching $22.85. 165,204 shares of the stock were exchanged, compared to its average volume of 170,061. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The firm has a market cap of $721.90 million, a price-to-earnings ratio of 71.41, a PEG ratio of 1.70 and a beta of 1.63. The firm has a 50-day simple moving average of $18.95 and a two-hundred day simple moving average of $17.12. Lincoln Educational Services Co. has a twelve month low of $10.06 and a twelve month high of $24.20.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The company had revenue of $117.51 million for the quarter, compared to analyst estimates of $114.55 million. As a group, analysts anticipate that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LINC shares. B. Riley restated a "buy" rating on shares of Lincoln Educational Services in a research note on Tuesday, May 13th. Northland Securities started coverage on Lincoln Educational Services in a research note on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price objective for the company. Northland Capmk upgraded Lincoln Educational Services to a "strong-buy" rating in a research report on Thursday, April 24th. Barrington Research raised their price target on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Finally, Rosenblatt Securities upped their price objective on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $24.60.

Insider Buying and Selling

In other news, Director Carlton Rose sold 30,000 shares of Lincoln Educational Services stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $23.63, for a total value of $708,900.00. Following the sale, the director now owns 15,295 shares in the company, valued at $361,420.85. This trade represents a 66.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Burke, Jr. sold 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the transaction, the director now directly owns 82,230 shares of the company's stock, valued at $1,761,366.60. The trade was a 5.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,000 shares of company stock valued at $1,030,000. 13.60% of the stock is owned by company insiders.

Lincoln Educational Services Company Profile

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments, Campus Operations and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising licensed practical nurse, registered nurse, dental assistant, medical assistant, medical administrative assistant, and claims examiner; hospitality service and information technology programs, such as culinary, therapeutic massage, cosmetology, aesthetics, and computer systems support technicians.