North Star Investment Management Corp. grew its holdings in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 24.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,275 shares of the company's stock after purchasing an additional 20,575 shares during the period. North Star Investment Management Corp. owned about 0.34% of Lincoln Educational Services worth $1,687,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Pullen Investment Management LLC increased its holdings in Lincoln Educational Services by 1.4% during the 1st quarter. Pullen Investment Management LLC now owns 212,715 shares of the company's stock worth $3,376,000 after purchasing an additional 2,960 shares during the period. Parallel Advisors LLC increased its stake in shares of 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 buying an additional 1,500 shares during the period. GAMMA Investing LLC raised its holdings in shares of Lincoln Educational Services by 1,952.6% in the first quarter. GAMMA Investing LLC now owns 11,823 shares of the company's stock valued at $188,000 after acquiring an additional 11,247 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Lincoln Educational Services in the fourth quarter valued at about $452,000. Finally, McIlrath & Eck LLC lifted its stake in Lincoln Educational Services by 156.4% in the fourth quarter. McIlrath & Eck LLC now owns 2,267 shares of the company's stock worth $36,000 after acquiring an additional 1,383 shares during the period. 72.23% of the stock is currently owned by institutional investors.
Insider Activity at Lincoln Educational Services
In related news, COO Chad D. Nyce sold 6,200 shares of the firm's stock in a transaction 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 completion of the transaction, the chief operating officer now owns 170,209 shares in the company, valued at $3,902,892.37. This trade represents a 3.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James J. Burke, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $21.40, for a total value of $214,000.00. Following the completion of the transaction, the director now directly owns 87,230 shares in the company, valued at $1,866,722. This represents a 10.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,200 shares of company stock valued at $1,172,166 in the last three months. 13.60% of the stock is owned by insiders.
Lincoln Educational Services Stock Down 0.1%
Shares of LINC stock traded down $0.03 during trading hours on Thursday, reaching $22.53. 118,708 shares of the company's stock were exchanged, compared to its average volume of 174,851. Lincoln Educational Services Corporation has a fifty-two week low of $10.31 and a fifty-two week high of $24.20. The stock's 50 day moving average is $20.17 and its 200-day moving average is $17.56. 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 $711.72 million, a price-to-earnings ratio of 57.77, a P/E/G ratio of 2.09 and a beta of 1.62.
Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $117.51 million for the quarter, compared to the consensus estimate of $114.55 million. Analysts predict that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Lake Street Capital upped their price target on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. B. Riley reissued a "buy" rating on shares of Lincoln Educational Services in a research note on Tuesday, May 13th. Rosenblatt Securities increased their target price 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. 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 target on the stock. Finally, Barrington Research raised 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. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $24.60.
Check Out Our Latest Analysis on LINC
About Lincoln Educational Services
(
Free Report)
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.
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