Lincoln International Inc.'s (NYSE:LCLN) Lock-Up Period Will Expire on November 16th

Key Points

• Lincoln International’s lock-up period expires November 16, making shares held by insiders and major shareholders eligible to trade; the company issued about 21.05 million shares at $20 each in its May IPO.
• The company reported quarterly EPS of $0.46, beating analysts’ $0.39 consensus, on revenue of $293.65 million. Analysts’ consensus rating is Hold, with a $27.21 price target.
• Lincoln International declared a quarterly dividend of $0.07 per share, equivalent to $0.28 annually and a 1.1% yield; it is payable December 15 to shareholders of record December 1.

Lincoln International's (NYSE:LCLN - Get Free Report) lock-up period will end on Monday, November 16th. Lincoln International had issued 21,049,988 shares in its initial public offering on May 20th. The total size of the offering was $420,999,760 based on an initial share price of $20.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LCLN shares. Weiss Ratings initiated coverage on shares of Lincoln International in a research report on Monday, August 17th. They issued a "sell (e)" rating for the company. Zacks Research lowered shares of Lincoln International from a "hold" rating to a "strong sell" rating in a research report on Friday, October 9th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Lincoln International in a research note on Friday. Morgan Stanley dropped their price objective on shares of Lincoln International from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Thursday, October 8th. Finally, Evercore set a $26.00 target price on shares of Lincoln International in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Lincoln International currently has a consensus rating of "Hold" and a consensus price target of $27.21.

Lincoln International Stock Performance

NYSE LCLN opened at $25.94 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.76. The stock's fifty day moving average is $24.87. The firm has a market capitalization of $904.01 million and a price-to-earnings ratio of 99.77. Lincoln International has a fifty-two week low of $20.05 and a fifty-two week high of $28.71.

Lincoln International (NYSE:LCLN - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.07. The company had revenue of $293.65 million during the quarter. As a group, sell-side analysts forecast that Lincoln International will post 1.28 EPS for the current year.

Lincoln International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Lincoln International's dividend payout ratio is currently 107.69%.

Institutional Investors Weigh In On Lincoln International

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Lincoln International in the 3rd quarter valued at about $33,000. Russell Investments Group Ltd. acquired a new stake in shares of Lincoln International during the 3rd quarter worth approximately $43,000. State Street Corp acquired a new stake in shares of Lincoln International during the 2nd quarter worth approximately $436,000. Readystate Asset Management LP purchased a new stake in shares of Lincoln International during the 2nd quarter valued at approximately $716,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Lincoln International during the 2nd quarter valued at approximately $813,000.

About Lincoln International

Lincoln International is a global investment banking and advisory firm that focuses on serving middle-market companies, private equity firms and other financial sponsors. The firm provides advice on mergers and acquisitions, divestitures, recapitalizations, restructurings and other strategic transactions.

Its services also include capital advisory, private funds advisory, valuation and fairness opinions, and other financial analysis. Lincoln International works with clients across a range of industries, including business services, consumer products, healthcare, industrials, technology and financial services.

Founded in 1996, Lincoln International is headquartered in Chicago and serves clients through offices and professionals across North America, Europe and Asia.

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