Lincoln Educational Services (NASDAQ:LINC) Trading Down 5.7% - Time to Sell?

Shares of Lincoln Educational Services Corporation (NASDAQ:LINC - Get Free Report) traded down 5.7% during mid-day trading on Wednesday . The company traded as low as $22.37 and last traded at $21.91. 26,213 shares were traded during trading, a decline of 85% from the average session volume of 178,840 shares. The stock had previously closed at $23.24.

Wall Street Analysts Forecast Growth

LINC has been the topic of a number of research reports. Lake Street Capital upped their price target on Lincoln Educational Services from $21.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. B. Riley reissued a "buy" rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th. Northland Securities began coverage on Lincoln Educational Services in a research report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price target for the company. 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 report on Tuesday, May 13th. Finally, Barrington Research increased their price objective on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. One research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $24.60.

Lincoln Educational Services Stock Down 2.5%

The company has a market cap of $715.51 million, a PE ratio of 58.08, a P/E/G ratio of 2.15 and a beta of 1.58. The firm has a 50-day simple moving average of $21.37 and a two-hundred day simple moving average of $18.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 1.01.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. Lincoln Educational Services had a return on equity of 10.88% and a net margin of 2.65%. The business had revenue of $117.51 million for the quarter, compared to analyst estimates of $114.55 million. Research analysts anticipate that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lincoln Educational Services news, Director James J. Burke, Jr. sold 5,000 shares of Lincoln Educational Services stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the completion of the sale, the director directly owned 82,230 shares of the company's stock, valued at approximately $1,761,366.60. The trade was a 5.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Chad D. Nyce sold 6,200 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $22.93, for a total value of $142,166.00. Following the completion of the transaction, the chief operating officer owned 170,209 shares of the company's stock, valued at $3,902,892.37. This trade represents a 3.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,200 shares of company stock valued at $1,172,166 in the last ninety days. Insiders own 13.60% of the company's stock.

Institutional Investors Weigh In On Lincoln Educational Services

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Lincoln Educational Services by 1,952.6% in the first quarter. GAMMA Investing LLC now owns 11,823 shares of the company's stock valued at $188,000 after purchasing an additional 11,247 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Lincoln Educational Services during the 4th quarter valued at about $288,000. Sanctuary Advisors LLC acquired a new position in shares of Lincoln Educational Services during the 4th quarter valued at about $288,000. North Star Investment Management Corp. lifted its holdings in shares of Lincoln Educational Services by 24.0% during the 1st quarter. North Star Investment Management Corp. now owns 106,275 shares of the company's stock worth $1,687,000 after acquiring an additional 20,575 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Lincoln Educational Services by 6.7% in the fourth quarter. Northern Trust Corp now owns 236,988 shares of the company's stock worth $3,749,000 after acquiring an additional 14,877 shares during the last quarter. Institutional investors and hedge funds own 72.23% of the company's stock.

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.