Lincoln Educational Services Corporation (NASDAQ:LINC) Shares Sold by Dauntless Investment Group LLC

Key Points

• Dauntless Investment Group LLC reduced its holdings in Lincoln Educational Services Corporation by 19.2%, making it the firm's 7th largest position with 68,668 shares valued at approximately $1.09 million.
• Lincoln Educational Services reported an EPS of $0.11 for its latest quarter, surpassing analysts' estimates, and the stock has a current consensus rating of "Buy" with an average price target of $24.60.
• Several institutional investors significantly increased their stakes in Lincoln Educational Services, with Alyeska Investment Group growing its position by 43.1% and Invesco Ltd. increasing theirs by 485.7% during the fourth quarter.

Dauntless Investment Group LLC cut its holdings in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 19.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,668 shares of the company's stock after selling 16,362 shares during the period. Lincoln Educational Services makes up approximately 1.3% of Dauntless Investment Group LLC's investment portfolio, making the stock its 7th largest position. Dauntless Investment Group LLC owned about 0.22% of Lincoln Educational Services worth $1,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LINC. Alyeska Investment Group L.P. grew its stake in Lincoln Educational Services by 43.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,123,143 shares of the company's stock worth $17,768,000 after buying an additional 338,495 shares in the last quarter. Invesco Ltd. grew its stake in Lincoln Educational Services by 485.7% during the fourth quarter. Invesco Ltd. now owns 295,032 shares of the company's stock worth $4,667,000 after buying an additional 244,657 shares in the last quarter. Next Century Growth Investors LLC grew its stake in Lincoln Educational Services by 17.9% during the fourth quarter. Next Century Growth Investors LLC now owns 664,148 shares of the company's stock worth $10,507,000 after buying an additional 100,963 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Lincoln Educational Services during the first quarter worth about $1,421,000. Finally, JPMorgan Chase & Co. grew its stake in Lincoln Educational Services by 190.5% during the fourth quarter. JPMorgan Chase & Co. now owns 115,177 shares of the company's stock worth $1,822,000 after buying an additional 75,531 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Educational Services Trading Down 0.9%

NASDAQ LINC traded down $0.21 during trading hours on Friday, reaching $22.67. The company's stock had a trading volume of 111,705 shares, compared to its average volume of 234,763. The firm has a fifty day simple moving average of $22.74 and a 200-day simple moving average of $19.08. The stock has a market cap of $715.99 million, a P/E ratio of 58.22, a P/E/G ratio of 2.09 and a beta of 1.58. Lincoln Educational Services Corporation has a 52 week low of $11.22 and a 52 week high of $24.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 1.01.

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

Insiders Place Their Bets

In other Lincoln Educational Services news, Director Carlton Rose sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $23.63, for a total transaction of $708,900.00. Following the completion of the transaction, the director owned 15,295 shares in the company, valued at approximately $361,420.85. This trade represents a 66.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Burke, Jr. sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $21.40, for a total transaction of $214,000.00. Following the transaction, the director owned 87,230 shares of the company's stock, valued at approximately $1,866,722. The trade was a 10.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,200 shares of company stock worth $1,172,166. 13.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LINC shares. Northland Capmk upgraded shares of Lincoln Educational Services to a "strong-buy" rating in a research note on Thursday, April 24th. Northland Securities started coverage on shares of Lincoln Educational Services in a research note on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price target on the stock. Lake Street Capital raised their price target on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. B. Riley restated a "buy" rating on shares of Lincoln Educational Services in a research note on Tuesday, May 13th. Finally, Rosenblatt Securities raised their price target on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $24.60.

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.