Pacific Ridge Capital Partners LLC lessened its holdings in Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,793 shares of the company's stock after selling 16,366 shares during the quarter. Lincoln Educational Services accounts for approximately 1.4% of Pacific Ridge Capital Partners LLC's holdings, making the stock its 29th biggest holding. Pacific Ridge Capital Partners LLC owned approximately 1.02% of Lincoln Educational Services worth $5,139,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of LINC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lincoln Educational Services by 4.5% in the 4th 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 during the last quarter. Summit Investment Advisors Inc. lifted its position in Lincoln Educational Services by 39.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock worth $43,000 after buying an additional 775 shares in the last quarter. McIlrath & Eck LLC lifted its position in Lincoln Educational Services by 156.4% during the 4th quarter. McIlrath & Eck LLC now owns 2,267 shares of the company's stock worth $36,000 after buying an additional 1,383 shares in the last quarter. Parallel Advisors LLC lifted its position in Lincoln Educational Services by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 8,878 shares of the company's stock worth $141,000 after buying an additional 1,500 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in Lincoln Educational Services by 13.7% during the 4th quarter. MetLife Investment Management LLC now owns 15,456 shares of the company's stock worth $245,000 after buying an additional 1,859 shares in the last quarter. Institutional investors own 72.23% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on LINC shares. B. Riley reiterated a "buy" rating on shares of Lincoln Educational Services in a research report on Tuesday, May 13th. Northland Securities started coverage on shares of Lincoln Educational Services in a research report on Thursday, April 24th. They set an "outperform" rating and a $24.00 price target on the stock. Northland Capmk upgraded shares of Lincoln Educational Services to a "strong-buy" rating in a research report on Thursday, April 24th. Barrington Research upped their target price on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Finally, Lake Street Capital upped their target price on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $24.60.
Get Our Latest Analysis on Lincoln Educational Services
Insider Activity at Lincoln Educational Services
In related news, Director James J. Burke, Jr. sold 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the sale, the director directly owned 82,230 shares in the company, valued at $1,761,366.60. This trade represents a 5.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carlton Rose sold 30,000 shares of the 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 sale, the director owned 15,295 shares in the company, valued at $361,420.85. This represents a 66.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,200 shares of company stock worth $1,172,166 in the last ninety days. Company insiders own 16.80% of the company's stock.
Lincoln Educational Services Trading Up 8.3%
Lincoln Educational Services stock traded up $1.87 during trading hours on Wednesday, reaching $24.51. 385,454 shares of the company's stock traded hands, compared to its average volume of 236,994. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.04. Lincoln Educational Services Corporation has a fifty-two week low of $11.22 and a fifty-two week high of $24.57. The firm has a market capitalization of $774.21 million, a price-to-earnings ratio of 62.84, a PEG ratio of 2.09 and a beta of 1.50. The firm's 50 day moving average is $22.76 and its 200-day moving average is $19.26.
Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $117.51 million for the quarter, compared to the consensus estimate of $114.55 million. Lincoln Educational Services had a net margin of 2.65% and a return on equity of 10.88%. On average, analysts predict that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.
Lincoln Educational Services Profile
(
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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