Lincoln International Inc. (NYSE:LCLN) Stock Short Interest Report for September

Key Points

• Short interest surged 211.7% in September to 2.40 million shares, representing 6.9% of LCLN’s outstanding shares and 2.1 days of average trading volume.
• Several institutional investors established new positions, led by Citadel Advisors with approximately $22.0 million and Alyeska Investment Group with about $6.3 million.
• Analyst sentiment is mixed but leans positive, with a consensus “Hold” rating and a $27.21 price target; the company also exceeded quarterly EPS expectations, reporting $0.26 versus the $0.14 consensus.

Lincoln International Inc. (NYSE:LCLN - Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,402,597 shares, a growth of 211.7% from the September 15th total of 770,846 shares. Based on an average trading volume of 1,148,322 shares, the short-interest ratio is currently 2.1 days. Currently, 6.9% of the company's shares are sold short.

Institutional Trading of Lincoln International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp bought a new position in Lincoln International in the second quarter worth approximately $436,000. Readystate Asset Management LP acquired a new stake in Lincoln International in the second quarter valued at approximately $716,000. Squarepoint Ops LLC acquired a new stake in Lincoln International in the second quarter valued at approximately $813,000. Alyeska Investment Group L.P. bought a new stake in shares of Lincoln International during the second quarter valued at approximately $6,326,000. Finally, Citadel Advisors LLC bought a new stake in shares of Lincoln International during the second quarter valued at approximately $22,029,000.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LCLN shares. Citigroup started coverage on shares of Lincoln International in a report on Monday, June 15th. They set an "outperform" rating for the company. Evercore set a $26.00 price target on shares of Lincoln International in a research report on Wednesday, August 12th. The Goldman Sachs Group began coverage on shares of Lincoln International in a research note on Monday, June 15th. They issued a "buy" rating and a $27.50 price objective on the stock. Wolfe Research assumed coverage on shares of Lincoln International in a research report on Monday, June 15th. They set an "outperform" rating and a $29.00 price objective for the company. Finally, Zacks Research upgraded shares of Lincoln International to a "hold" rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.21.

Lincoln International Trading Up 0.1%

LCLN stock opened at $24.65 on Monday. The company has a market cap of $859.02 million and a price-to-earnings ratio of 94.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a 50-day simple moving average of $24.56. Lincoln International has a 1-year low of $20.05 and a 1-year high of $27.55.

Lincoln International (NYSE:LCLN - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (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. On average, analysts forecast that Lincoln International will post 1.34 earnings per share for the current year.

Lincoln International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Lincoln International's payout ratio is 107.69%.

Lincoln International Company Profile

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

Its services also include capital advisory, private fund advisory, valuation and fairness opinions. Lincoln works with clients across a range of industries and helps them evaluate strategic alternatives, raise financing and assess the value of businesses, securities and other assets.

Founded in 1996 and headquartered in Chicago, Lincoln International serves clients through operations in North America, Europe and Asia.

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