Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) Director Carlton Rose sold 30,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $23.63, for a total value of $708,900.00. Following the sale, the director now owns 15,295 shares of the company's stock, valued at $361,420.85. This trade represents a 66.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Lincoln Educational Services Price Performance
LINC stock traded down $0.07 on Thursday, hitting $22.78. 61,421 shares of the company's stock traded hands, compared to its average volume of 169,644. The stock has a fifty day moving average of $18.95 and a 200-day moving average of $17.12. The stock has a market cap of $719.69 million, a price-to-earnings ratio of 71.19, a P/E/G ratio of 1.70 and a beta of 1.63. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Co. has a 1-year low of $10.06 and a 1-year high of $24.20.
Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.11 EPS 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 during the quarter, compared to analysts' expectations of $114.55 million. On average, analysts forecast that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. McIlrath & Eck LLC boosted its holdings 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 worth $36,000 after buying an additional 1,383 shares during the period. Summit Investment Advisors Inc. raised its position in Lincoln Educational Services by 39.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock worth $43,000 after purchasing an additional 775 shares in the last quarter. Strs Ohio acquired a new stake in Lincoln Educational Services in the 1st quarter valued at $48,000. Morse Asset Management Inc acquired a new stake in shares of Lincoln Educational Services in the 4th quarter valued at $101,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Lincoln Educational Services during the fourth quarter worth approximately $135,000. Institutional investors own 72.23% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on LINC shares. B. Riley restated a "buy" rating on shares of Lincoln Educational Services in a research report on Tuesday, May 13th. Rosenblatt Securities boosted their price objective on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Northland Securities began coverage on shares of Lincoln Educational Services in a research note on Thursday, April 24th. They set an "outperform" rating and a $24.00 price target on the stock. Northland Capmk raised shares of Lincoln Educational Services to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, Barrington Research upped their price objective on Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $24.60.
Read Our Latest Report on Lincoln Educational Services
About Lincoln Educational Services
(
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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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