Lincoln Educational Services Co. (NASDAQ:LINC) Director Sells $708,900.00 in Stock

Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) Director Carlton Rose sold 30,000 shares of the business's stock in a transaction 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 sale, the director now directly owns 15,295 shares of the company's stock, valued at approximately $361,420.85. The trade was a 66.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Lincoln Educational Services Trading Up 2.1%

Lincoln Educational Services stock traded up $0.48 during midday trading on Friday, reaching $23.05. The stock had a trading volume of 217,503 shares, compared to its average volume of 170,987. 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 Co. has a 52-week low of $10.06 and a 52-week high of $24.20. The firm has a market cap of $728.22 million, a price-to-earnings ratio of 72.03, a price-to-earnings-growth ratio of 1.70 and a beta of 1.63. The company has a fifty day moving average of $19.22 and a 200 day moving average of $17.23.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $114.55 million. On average, analysts anticipate that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Lincoln Educational Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LINC. McIlrath & Eck LLC raised its stake in shares of Lincoln Educational Services by 156.4% during the 4th quarter. McIlrath & Eck LLC now owns 2,267 shares of the company's stock valued at $36,000 after buying an additional 1,383 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Lincoln Educational Services by 39.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock valued at $43,000 after buying an additional 775 shares during the last quarter. Strs Ohio purchased a new position in shares of Lincoln Educational Services during the 1st quarter valued at about $48,000. Morse Asset Management Inc purchased a new position in shares of Lincoln Educational Services during the 4th quarter valued at about $101,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Lincoln Educational Services in the 4th quarter valued at about $135,000. Institutional investors and hedge funds own 72.23% of the company's stock.

Analysts Set New Price Targets

LINC has been the subject of several recent analyst reports. Northland Capmk raised shares of Lincoln Educational Services to a "strong-buy" rating in a report on Thursday, April 24th. Lake Street Capital upped their target price 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. Northland Securities initiated coverage on shares of Lincoln Educational Services in a report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 target price for the company. B. Riley reaffirmed a "buy" rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. Finally, Barrington Research upped their target price on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Lincoln Educational Services currently has an average rating of "Buy" and a consensus price target 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.