GAMMA Investing LLC Increases Holdings in Lincoln Educational Services Corporation (NASDAQ:LINC)

GAMMA Investing LLC increased its stake in shares of Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 1,952.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,823 shares of the company's stock after acquiring an additional 11,247 shares during the period. GAMMA Investing LLC's holdings in Lincoln Educational Services were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. McIlrath & Eck LLC grew its holdings in Lincoln Educational Services by 156.4% in the fourth 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 period. Summit Investment Advisors Inc. grew its holdings in Lincoln Educational Services by 39.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock valued at $43,000 after purchasing an additional 775 shares during the period. Morse Asset Management Inc acquired a new stake in Lincoln Educational Services in the fourth quarter valued at approximately $101,000. Aquatic Capital Management LLC acquired a new stake in Lincoln Educational Services in the fourth quarter valued at approximately $135,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Lincoln Educational Services in the fourth quarter valued at approximately $171,000. 72.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Carlton Rose sold 30,000 shares of Lincoln Educational Services stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $23.63, for a total transaction of $708,900.00. Following the transaction, the director now owns 15,295 shares in the company, valued at approximately $361,420.85. This trade represents a 66.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Chad D. Nyce sold 6,200 shares of Lincoln Educational Services stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $22.93, for a total value of $142,166.00. Following the transaction, the chief operating officer now owns 170,209 shares in the company, valued at approximately $3,902,892.37. The trade was a 3.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,200 shares of company stock worth $1,172,166. 13.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LINC has been the topic of several research analyst reports. Rosenblatt Securities raised their price objective on Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Lake Street Capital raised their price objective on Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. B. Riley reissued a "buy" rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. Northland Securities assumed coverage on Lincoln Educational Services in a report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price objective on the stock. Finally, Northland Capmk raised Lincoln Educational Services to a "strong-buy" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $24.60.

Lincoln Educational Services Price Performance

Shares of NASDAQ:LINC traded up $0.18 during trading on Thursday, reaching $23.00. The stock had a trading volume of 166,946 shares, compared to its average volume of 175,022. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.04. The business has a fifty day moving average price of $20.88 and a 200-day moving average price of $17.83. The stock has a market cap of $726.57 million, a PE ratio of 58.98, a PEG ratio of 2.11 and a beta of 1.62. Lincoln Educational Services Corporation has a 1-year low of $11.22 and a 1-year high of $24.20.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.07. The firm had revenue of $117.51 million for the quarter, compared to analyst estimates of $114.55 million. Lincoln Educational Services had a return on equity of 10.88% and a net margin of 2.65%. On average, equities analysts forecast that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current fiscal year.

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.