Lincoln Educational Services (NASDAQ:LINC) Reaches New 1-Year High - Here's What Happened

Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $24.20 and last traded at $23.37, with a volume of 562672 shares. The stock had previously closed at $23.26.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LINC. Northland Securities started coverage on Lincoln Educational Services in a report on Thursday, April 24th. They set an "outperform" rating and a $24.00 price target on the stock. Barrington Research increased their price objective on Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Lake Street Capital increased their price objective on Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Rosenblatt Securities increased their price objective on Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Northland Capmk upgraded Lincoln Educational Services to a "strong-buy" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Lincoln Educational Services currently has an average rating of "Buy" and an average price target of $24.60.

Lincoln Educational Services Trading Down 0.4%

The stock has a market capitalization of $719.06 million, a price-to-earnings ratio of 71.12, a PEG ratio of 1.70 and a beta of 1.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. The business has a 50-day moving average of $18.95 and a 200-day moving average of $17.12.

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

Insider Activity at Lincoln Educational Services

In other Lincoln Educational Services news, Director Carlton Rose sold 30,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $23.63, for a total transaction of $708,900.00. Following the completion of the sale, the director now directly owns 15,295 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, Director James J. Burke, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $21.40, for a total value of $214,000.00. Following the sale, the director now directly owns 87,230 shares of the company's stock, valued at $1,866,722. The trade was a 10.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock valued at $1,030,000 in the last three months. 13.60% of the stock is currently owned by company insiders.

Institutional Trading of Lincoln Educational Services

Hedge funds have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC lifted its position in 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 acquiring an additional 1,383 shares during the period. Summit Investment Advisors Inc. lifted its position in Lincoln Educational Services by 39.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company's stock worth $43,000 after acquiring an additional 775 shares during the period. Strs Ohio acquired a new stake in Lincoln Educational Services during the 1st quarter worth approximately $48,000. Morse Asset Management Inc acquired a new stake in Lincoln Educational Services during the 4th quarter worth approximately $101,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Lincoln Educational Services in the 4th quarter valued at approximately $135,000. 72.23% of the stock is owned by institutional investors and hedge funds.

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.