Lincoln Educational Services (NASDAQ:LINC) Stock Price Down 6.5% - What's Next?

Shares of Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) were down 6.5% on Monday . The company traded as low as $19.81 and last traded at $19.56. Approximately 61,881 shares were traded during trading, a decline of 60% from the average daily volume of 153,372 shares. The stock had previously closed at $20.92.

Analyst Ratings Changes

LINC has been the subject of a number of recent research reports. Barrington Research upped their target price on Lincoln Educational Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Lake Street Capital raised their price objective on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday. Northland Capmk upgraded shares of Lincoln Educational Services to a "strong-buy" rating in a research report on Thursday, April 24th. Rosenblatt Securities lifted their price target on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Northland Securities assumed coverage on Lincoln Educational Services in a report on Thursday, April 24th. They issued an "outperform" rating and a $24.00 price objective for the company. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $24.60.

Lincoln Educational Services Stock Performance

The company's 50-day moving average price is $17.10 and its two-hundred day moving average price is $16.46. The company has a market capitalization of $685.25 million, a price-to-earnings ratio of 67.78, a PEG ratio of 1.70 and a beta of 1.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53.

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

Insider Buying and Selling at Lincoln Educational Services

In related news, Director James J. Burke, Jr. sold 10,000 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $21.40, for a total transaction of $214,000.00. Following the transaction, the director now owns 87,230 shares in the company, valued at $1,866,722. The trade was a 10.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.60% of the company's stock.

Hedge Funds Weigh In On Lincoln Educational Services

Several institutional investors have recently made changes to their positions in LINC. McIlrath & Eck LLC raised its stake 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 buying an additional 1,383 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Lincoln Educational Services by 39.6% in the 4th 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. Morse Asset Management Inc acquired a new stake in Lincoln Educational Services in the 4th quarter valued at $101,000. Aquatic Capital Management LLC acquired a new stake in Lincoln Educational Services in the 4th quarter valued at $135,000. Finally, Parallel Advisors LLC increased its stake in Lincoln Educational Services by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 8,878 shares of the company's stock valued at $141,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company's stock.

About Lincoln Educational Services

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.