Calamos Advisors LLC Purchases 17,740 Shares of Lincoln Educational Services Corporation (NASDAQ:LINC)

Calamos Advisors LLC increased its position in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 19.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,369 shares of the company's stock after acquiring an additional 17,740 shares during the period. Calamos Advisors LLC owned about 0.35% of Lincoln Educational Services worth $1,736,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LINC. McIlrath & Eck LLC grew its holdings in Lincoln Educational Services by 156.4% during 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% during 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 bought a new stake in Lincoln Educational Services during the fourth quarter valued at about $101,000. Aquatic Capital Management LLC bought a new stake in Lincoln Educational Services during the fourth quarter valued at about $135,000. Finally, Parallel Advisors LLC grew its holdings in Lincoln Educational Services by 20.3% during the first quarter. Parallel Advisors LLC now owns 8,878 shares of the company's stock valued at $141,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 72.23% of the company's stock.

Insider Buying and Selling at Lincoln Educational Services

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Lake Street Capital boosted their price target on Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Barrington Research boosted their price objective on Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Northland Capmk upgraded Lincoln Educational Services to a "strong-buy" rating in a research report on Thursday, April 24th. Northland Securities started coverage on Lincoln Educational Services in a research report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price objective on the stock. Finally, Rosenblatt Securities boosted their price objective on Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $24.60.

Lincoln Educational Services Price Performance

Shares of NASDAQ:LINC traded down $0.48 during mid-day trading on Thursday, reaching $22.61. The stock had a trading volume of 246,702 shares, compared to its average volume of 182,260. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17. The company has a market cap of $714.32 million, a P/E ratio of 57.98, a price-to-earnings-growth ratio of 2.09 and a beta of 1.58. Lincoln Educational Services Corporation has a 1 year low of $11.22 and a 1 year high of $24.20. The business's 50 day moving average price is $21.95 and its 200 day moving average price is $18.27.

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. Lincoln Educational Services had a return on equity of 10.88% and a net margin of 2.65%. The business had revenue of $117.51 million for the quarter, compared to the consensus estimate of $114.55 million. Research analysts expect that Lincoln Educational Services Corporation will post 0.54 EPS 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.