Lincoln Educational Services' (LINC) "Buy" Rating Reaffirmed at Rosenblatt Securities

Lincoln Educational Services (NASDAQ:LINC - Get Free Report)'s stock had its "buy" rating reissued by Rosenblatt Securities in a note issued to investors on Monday, Benzinga reports. They presently have a $13.50 price objective on the stock. Rosenblatt Securities' price target suggests a potential upside of 28.45% from the company's previous close.

Several other equities research analysts have also recently weighed in on LINC. Barrington Research restated an "outperform" rating and set a $12.00 target price on shares of Lincoln Educational Services in a research note on Tuesday, February 13th. B. Riley reissued a "buy" rating and set a $14.00 price target (up previously from $12.00) on shares of Lincoln Educational Services in a report on Thursday, March 21st. Finally, StockNews.com upgraded shares of Lincoln Educational Services from a "hold" rating to a "buy" rating in a research report on Saturday, March 2nd.

Lincoln Educational Services Stock Up 4.0 %

LINC traded up $0.40 on Monday, hitting $10.51. 156,789 shares of the company were exchanged, compared to its average volume of 86,889. The firm has a 50-day moving average price of $10.00 and a two-hundred day moving average price of $9.56. The company has a current ratio of 1.83, a quick ratio of 1.79 and a debt-to-equity ratio of 0.10. Lincoln Educational Services has a twelve month low of $5.44 and a twelve month high of $10.81. The company has a market cap of $330.50 million, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.64 and a beta of 1.34.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. Lincoln Educational Services had a return on equity of 9.63% and a net margin of 6.88%. The business had revenue of $102.52 million during the quarter, compared to analysts' expectations of $97.78 million. During the same quarter last year, the business posted $0.32 EPS. On average, equities analysts predict that Lincoln Educational Services will post 0.41 earnings per share for the current year.

Insider Transactions at Lincoln Educational Services

In related news, EVP Chad D. Nyce sold 26,000 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $10.02, for a total value of $260,520.00. Following the completion of the transaction, the executive vice president now directly owns 154,646 shares of the company's stock, valued at approximately $1,549,552.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Juniper Investment Company, Ll sold 286,997 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $9.97, for a total value of $2,861,360.09. Following the completion of the transaction, the insider now directly owns 996,811 shares of the company's stock, valued at $9,938,205.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Chad D. Nyce sold 26,000 shares of Lincoln Educational Services stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $10.02, for a total value of $260,520.00. Following the sale, the executive vice president now owns 154,646 shares of the company's stock, valued at approximately $1,549,552.92. The disclosure for this sale can be found here. Insiders have sold a total of 583,692 shares of company stock valued at $5,858,793 in the last ninety days. 16.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Lincoln Educational Services during the third quarter valued at approximately $65,000. AJOVista LLC purchased a new position in shares of Lincoln Educational Services during the 4th quarter worth $67,000. SG Americas Securities LLC acquired a new stake in shares of Lincoln Educational Services during the third quarter worth $86,000. New York State Common Retirement Fund grew its holdings in Lincoln Educational Services by 1,513.5% in the 4th quarter. New York State Common Retirement Fund now owns 8,600 shares of the company's stock valued at $86,000 after buying an additional 8,067 shares during the period. Finally, Strs Ohio purchased a new position in shares of Lincoln Educational Services during the 3rd quarter worth about $192,000. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

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.