Occudo Quantitative Strategies LP Makes New $219,000 Investment in Lincoln Educational Services Co. (NASDAQ:LINC)

Occudo Quantitative Strategies LP acquired a new position in shares of Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,868 shares of the company's stock, valued at approximately $219,000.

Several other hedge funds have also modified their holdings of the stock. Summit Investment Advisors Inc. lifted its stake 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 worth $43,000 after acquiring an additional 775 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Lincoln Educational Services in the 4th quarter valued at $101,000. Aquatic Capital Management LLC purchased a new stake in shares of Lincoln Educational Services during the 4th quarter worth $135,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Lincoln Educational Services during the 4th quarter worth $171,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Lincoln Educational Services by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,976 shares of the company's stock worth $237,000 after purchasing an additional 643 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lincoln Educational Services news, Director James J. Burke, Jr. sold 10,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $21.40, for a total transaction of $214,000.00. Following the transaction, the director now directly owns 87,230 shares of the company's stock, valued at approximately $1,866,722. This trade represents a 10.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 13.60% of the company's stock.

Analyst Upgrades and Downgrades

LINC has been the topic of a number of analyst reports. Northland Securities began coverage on 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 target price on Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Northland Capmk upgraded Lincoln Educational Services to a "strong-buy" rating in a research note on Thursday, April 24th. Rosenblatt Securities increased 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. Finally, Barrington Research boosted their price objective on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $24.60.

Lincoln Educational Services Stock Performance

Shares of NASDAQ LINC traded up $0.05 during trading hours on Wednesday, reaching $21.44. The stock had a trading volume of 226,825 shares, compared to its average volume of 159,632. The firm has a 50-day moving average of $17.36 and a 200-day moving average of $16.57. The firm has a market cap of $677.35 million, a price-to-earnings ratio of 67.00, a PEG ratio of 1.70 and a beta of 1.63. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Co. has a fifty-two week low of $10.06 and a fifty-two week high of $22.27.

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 for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. The company had revenue of $117.51 million during the quarter, compared to analysts' expectations of $114.55 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. Equities research analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current 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.