Lincoln International Inc. (NYSE:LCLN) Short Interest Update

Key Points

• Short interest surged 51.6% to 589,039 shares as of July 31, equivalent to 2.1 days to cover based on average daily trading volume.
• Lincoln International reported quarterly EPS of $0.26, beating the $0.14 consensus estimate, on revenue of $225.69 million.
• The company declared a quarterly dividend of $0.07, or $0.28 annualized, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $27.36.

Lincoln International Inc. (NYSE:LCLN - Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 589,039 shares, a growth of 51.6% from the July 15th total of 388,594 shares. Based on an average daily trading volume, of 286,661 shares, the days-to-cover ratio is currently 2.1 days.

Lincoln International Stock Down 0.4%

NYSE:LCLN traded down $0.09 during mid-day trading on Tuesday, reaching $24.89. 15,384 shares of the stock were exchanged, compared to its average volume of 426,459. The company has a 50 day moving average of $23.17. Lincoln International has a 1 year low of $20.05 and a 1 year high of $26.00.

Lincoln International (NYSE:LCLN - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. The business had revenue of $225.69 million during the quarter. As a group, sell-side analysts anticipate that Lincoln International will post 1.4 EPS for the current fiscal year.

Lincoln International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.1%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets assumed coverage on Lincoln International in a report on Monday, June 15th. They issued a "market perform" rating and a $26.00 price objective on the stock. Evercore set a $26.00 target price on Lincoln International in a research report on Wednesday, August 12th. Zacks Research upgraded shares of Lincoln International to a "hold" rating in a research note on Friday, July 10th. Wall Street Zen raised shares of Lincoln International to a "hold" rating in a research report on Saturday, May 30th. Finally, Morgan Stanley set a $28.00 price target on shares of Lincoln International in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.36.

Lincoln International Company Profile

We are a global independent investment banking advisory firm focused on the private capital markets. As a leader in advising private equity and private credit investors, private company business owners and other senior executives, our globally integrated platform allows us to deliver comprehensive, sector-focused advisory services to clients across key areas of the economy. Our experienced professionals provide meaningful and differentiated private capital markets expertise across our two segments, Investment Banking Advisory and Valuations and Opinions: Investment Banking Advisory Valuations and Opinions Mergers & Acquisitions Capital Advisory Private Funds Advisory Other Services •Sell-Sides •Debt Advisory •Continuation Vehicles •Strategic Consulting •Portfolio Valuations •Buy-Sides •Special Situations & •Single Asset and •Executive Peer Networks •Transaction Opinions & •Add-ons Restructuring Co-Investment Vehicles •Agency Member Network Board Advisory •Growth Capital & •Primary Funds •Disputes Advisory Minority Equity Since our founding in 1996, we have experienced significant growth achieved through investments in our talent, our platform, the complementary capabilities we offer—including our growing, recurring, and non-cyclical valuations business—and the strategic positioning of the firm.

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