Penbrook Management LLC Lowers Stock Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

Penbrook Management LLC decreased its position in Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 50.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,996 shares of the company's stock after selling 17,595 shares during the period. Penbrook Management LLC owned about 0.05% of Lincoln Educational Services worth $270,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Lincoln Educational Services in the fourth quarter valued at about $288,000. JPMorgan Chase & Co. boosted its holdings in Lincoln Educational Services by 248.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,646 shares of the company's stock worth $473,000 after buying an additional 28,275 shares during the last quarter. Bailard Inc. increased its stake in Lincoln Educational Services by 24.5% during the 4th quarter. Bailard Inc. now owns 84,900 shares of the company's stock worth $1,343,000 after buying an additional 16,693 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Lincoln Educational Services by 13.7% during the fourth quarter. MetLife Investment Management LLC now owns 15,456 shares of the company's stock valued at $245,000 after acquiring an additional 1,859 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Lincoln Educational Services by 6.7% during the fourth quarter. Northern Trust Corp now owns 236,988 shares of the company's stock valued at $3,749,000 after acquiring an additional 14,877 shares during the last quarter. Institutional investors and hedge funds own 72.23% of the company's stock.

Lincoln Educational Services Trading Up 2.4%

Shares of LINC stock traded up $0.56 on Friday, hitting $23.82. 562,672 shares of the stock traded hands, compared to its average volume of 168,134. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. Lincoln Educational Services Co. has a twelve month low of $10.06 and a twelve month high of $24.20. The firm's 50-day moving average price is $18.51 and its two-hundred day moving average price is $16.97. The stock has a market capitalization of $752.55 million, a PE ratio of 74.44, a PEG ratio of 1.70 and a beta of 1.63.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The business had revenue of $117.51 million during the quarter, compared to analysts' expectations of $114.55 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. As a group, analysts anticipate that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Insider Buying and Selling

In other Lincoln Educational Services news, Director James J. Burke, Jr. sold 5,000 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the transaction, the director now owns 82,230 shares of the company's stock, valued at $1,761,366.60. This represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 13.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on LINC. Barrington Research boosted their price target on Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. B. Riley reiterated a "buy" rating on shares of Lincoln Educational Services in a research report on Tuesday, May 13th. Lake Street Capital raised 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 note on Tuesday, May 13th. Rosenblatt Securities upped their price objective 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, Northland Securities assumed coverage on shares of Lincoln Educational Services in a report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price 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.