Insider Selling: Lincoln Educational Services Co. (NASDAQ:LINC) COO Sells 6,200 Shares of Stock

Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) COO Chad D. Nyce sold 6,200 shares of Lincoln Educational Services stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $22.93, for a total transaction of $142,166.00. Following the transaction, the chief operating officer now owns 170,209 shares of the company's stock, valued at $3,902,892.37. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lincoln Educational Services Stock Up 2.2%

Lincoln Educational Services stock traded up $0.47 during midday trading on Wednesday, hitting $21.63. 281,180 shares of the stock were exchanged, compared to its average volume of 173,035. Lincoln Educational Services Co. has a 52-week low of $10.31 and a 52-week high of $24.20. The stock has a market capitalization of $683.36 million, a price-to-earnings ratio of 67.60, a price-to-earnings-growth ratio of 1.70 and a beta of 1.62. The business's 50-day moving average price is $19.56 and its 200-day moving average price is $17.35. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last released its quarterly 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 net margin of 2.33% and a return on equity of 10.60%. The business had revenue of $117.51 million for the quarter, compared to analysts' expectations of $114.55 million. On average, research analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LINC shares. Northland Securities started coverage on shares of Lincoln Educational Services in a report on Thursday, April 24th. They set an "outperform" rating and a $24.00 price objective for the company. Barrington Research lifted their price objective on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Rosenblatt Securities lifted their price objective on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Northland Capmk upgraded shares of Lincoln Educational Services to a "strong-buy" rating in a report on Thursday, April 24th. Finally, Lake Street Capital boosted their price target on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. One 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LINC. Wellington Management Group LLP purchased a new position in Lincoln Educational Services in the first quarter valued at about $8,344,000. Alyeska Investment Group L.P. boosted its stake in Lincoln Educational Services by 43.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,123,143 shares of the company's stock valued at $17,768,000 after acquiring an additional 338,495 shares during the last quarter. Invesco Ltd. boosted its stake in Lincoln Educational Services by 485.7% in the fourth quarter. Invesco Ltd. now owns 295,032 shares of the company's stock valued at $4,667,000 after acquiring an additional 244,657 shares during the last quarter. Next Century Growth Investors LLC boosted its stake in Lincoln Educational Services by 17.9% in the fourth quarter. Next Century Growth Investors LLC now owns 664,148 shares of the company's stock valued at $10,507,000 after acquiring an additional 100,963 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in Lincoln Educational Services in the first quarter valued at about $1,421,000. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

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.