922,880 Shares in Lincoln International Inc. $LCLN Purchased by Citadel Advisors LLC

Key Points

• Citadel Advisors acquired 922,880 shares of Lincoln International during the second quarter, worth approximately $22.0 million and representing a 2.65% stake. Readystate Asset Management also initiated a position valued at about $716,000.
• Analysts’ consensus rating is “Hold,” with an average price target of $27.36. Lincoln International recently reported quarterly EPS of $0.26, beating estimates of $0.14, on revenue of $225.69 million.
• The stock opened at $27.22, near its 52-week high of $27.55, while the company announced a quarterly dividend of $0.07 per share, equivalent to an annualized yield of approximately 1.0%.

Citadel Advisors LLC bought a new stake in Lincoln International Inc. (NYSE:LCLN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 922,880 shares of the company's stock, valued at approximately $22,029,000. Citadel Advisors LLC owned approximately 2.65% of Lincoln International as of its most recent SEC filing.

Separately, Readystate Asset Management LP acquired a new stake in shares of Lincoln International in the 2nd quarter worth approximately $716,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LCLN shares. Zacks Research upgraded shares of Lincoln International to a "hold" rating in a report on Friday, July 10th. The Goldman Sachs Group started coverage on Lincoln International in a research report on Monday, June 15th. They issued a "buy" rating and a $27.50 target price for the company. BMO Capital Markets started coverage on Lincoln International in a research note on Monday, June 15th. They set a "market perform" rating and a $26.00 price target for the company. Evercore set a $26.00 price target on Lincoln International in a research report on Wednesday, August 12th. Finally, Citigroup started coverage on Lincoln International in a report on Monday, June 15th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $27.36.

Lincoln International Trading Up 0.1%

NYSE:LCLN opened at $27.22 on Monday. The company's fifty day simple moving average is $23.48. Lincoln International Inc. has a 1-year low of $20.05 and a 1-year high of $27.55.

Lincoln International (NYSE:LCLN - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.12. The firm had revenue of $225.69 million during the quarter. Equities research analysts predict that Lincoln International Inc. will post 1.4 EPS for the current year.

Lincoln International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.07 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.0%.

About Lincoln International

We are a global independent investment banking advisory firm focused on the private capital markets. As a leader in advising private equity and private credit investors, private company business owners and other senior executives, our globally integrated platform allows us to deliver comprehensive, sector-focused advisory services to clients across key areas of the economy. Our experienced professionals provide meaningful and differentiated private capital markets expertise across our two segments, Investment Banking Advisory and Valuations and Opinions: Investment Banking Advisory Valuations and Opinions Mergers & Acquisitions Capital Advisory Private Funds Advisory Other Services •Sell-Sides •Debt Advisory •Continuation Vehicles •Strategic Consulting •Portfolio Valuations •Buy-Sides •Special Situations & •Single Asset and •Executive Peer Networks •Transaction Opinions & •Add-ons Restructuring Co-Investment Vehicles •Agency Member Network Board Advisory •Growth Capital & •Primary Funds •Disputes Advisory Minority Equity Since our founding in 1996, we have experienced significant growth achieved through investments in our talent, our platform, the complementary capabilities we offer—including our growing, recurring, and non-cyclical valuations business—and the strategic positioning of the firm.

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