Pillsbury Lake Capital LLC Takes Position in Lincoln Educational Services Corporation $LINC

Key Points

• Pillsbury Lake Capital acquired 356,187 shares of Lincoln Educational Services, worth approximately $17.8 million, giving it a 1.12% stake. Institutional investors and hedge funds collectively own 72.23% of the company.
• Analysts remain broadly positive, with four Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $50.67, well above the reported share price of $25.43.
• Lincoln reported quarterly revenue of $142.56 million and earnings of $0.06 per share, exceeding revenue expectations, while insiders sold 23,000 shares worth about $1.05 million over the past three months.

Pillsbury Lake Capital LLC bought a new position in shares of Lincoln Educational Services Corporation (NASDAQ:LINC - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 356,187 shares of the company's stock, valued at approximately $17,773,731. Lincoln Educational Services comprises approximately 0.0% of Pillsbury Lake Capital LLC's portfolio, making the stock its 3rd biggest holding. Pillsbury Lake Capital LLC owned 1.12% of Lincoln Educational Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in LINC. Global Retirement Partners LLC acquired a new stake in shares of Lincoln Educational Services in the 2nd quarter valued at $32,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Lincoln Educational Services during the second quarter worth about $40,000. Royal Bank of Canada raised its holdings in shares of Lincoln Educational Services by 246.7% during the fourth quarter. Royal Bank of Canada now owns 1,536 shares of the company's stock valued at $38,000 after acquiring an additional 1,093 shares in the last quarter. Freestone Grove Partners LP bought a new stake in Lincoln Educational Services in the 2nd quarter worth approximately $88,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Lincoln Educational Services by 383.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,436 shares of the company's stock valued at $99,000 after buying an additional 1,932 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. B. Riley Financial raised their price target on shares of Lincoln Educational Services from $46.00 to $56.00 and gave the stock a "buy" rating in a report on Tuesday, May 12th. Lake Street Capital dropped their price objective on shares of Lincoln Educational Services from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Weiss Ratings downgraded shares of Lincoln Educational Services from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Rosenblatt Securities decreased their price objective on shares of Lincoln Educational Services from $60.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Finally, Barrington Research set a $50.00 target price on Lincoln Educational Services in a research note on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Lincoln Educational Services presently has an average rating of "Moderate Buy" and a consensus target price of $50.67.

Insider Transactions at Lincoln Educational Services

In other Lincoln Educational Services news, SVP Alexandra M. Luster sold 18,007 shares of Lincoln Educational Services stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $44.64, for a total value of $803,832.48. Following the sale, the senior vice president owned 82,356 shares of the company's stock, valued at $3,676,371.84. The trade was a 17.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kevin M. Carney sold 3,000 shares of the company's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.00, for a total transaction of $144,000.00. Following the completion of the sale, the director directly owned 25,039 shares in the company, valued at approximately $1,201,872. The trade was a 10.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 23,000 shares of company stock valued at $1,047,702. 12.80% of the stock is owned by insiders.

Lincoln Educational Services Stock Performance

LINC traded up $0.06 on Friday, hitting $25.43. 731,748 shares of the company's stock were exchanged, compared to its average volume of 590,108. Lincoln Educational Services Corporation has a twelve month low of $17.29 and a twelve month high of $56.34. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. The firm has a market cap of $806.64 million, a PE ratio of 35.32, a P/E/G ratio of 2.19 and a beta of 0.83. The stock has a fifty day moving average of $41.40 and a two-hundred day moving average of $41.16.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter. Lincoln Educational Services had a net margin of 3.99% and a return on equity of 14.47%. The business had revenue of $142.56 million for the quarter, compared to analysts' expectations of $139.49 million. Lincoln Educational Services has set its FY 2026 guidance at 0.740-0.830 EPS. On average, research analysts anticipate that Lincoln Educational Services Corporation will post 0.78 earnings per share for the current fiscal year.

Lincoln Educational Services Profile

Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.

The company's program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source