Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) CFO Brian K. Meyers sold 6,892 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $16.38, for a total transaction of $112,890.96. Following the completion of the transaction, the chief financial officer now directly owns 266,133 shares in the company, valued at $4,359,258.54. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Lincoln Educational Services Stock Performance
Shares of LINC stock opened at $15.19 on Friday. The firm's 50-day simple moving average is $12.94 and its two-hundred day simple moving average is $12.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.75 and a current ratio of 1.57. Lincoln Educational Services Co. has a 52 week low of $8.78 and a 52 week high of $18.74. The firm has a market cap of $478.18 million, a price-to-earnings ratio of 47.47, a P/E/G ratio of 2.01 and a beta of 1.41.
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Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $114.41 million for the quarter, compared to the consensus estimate of $111.05 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. During the same period last year, the company posted $0.11 earnings per share. As a group, equities analysts forecast that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.
Institutional Investors Weigh In On Lincoln Educational Services
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP bought a new position in Lincoln Educational Services during the second quarter worth about $33,000. BNP Paribas Financial Markets raised its position in shares of Lincoln Educational Services by 60.2% in the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company's stock valued at $116,000 after purchasing an additional 4,217 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Lincoln Educational Services during the 3rd quarter valued at approximately $121,000. The Manufacturers Life Insurance Company bought a new position in Lincoln Educational Services in the 2nd quarter worth approximately $123,000. Finally, Janus Henderson Group PLC purchased a new position in Lincoln Educational Services in the 3rd quarter valued at approximately $144,000. 72.23% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on LINC shares. Rosenblatt Securities lifted their price target on Lincoln Educational Services from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, August 9th. B. Riley upped their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Barrington Research raised their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Finally, StockNews.com lowered Lincoln Educational Services from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $18.00.
Read Our Latest Stock Analysis on Lincoln Educational Services
About Lincoln Educational Services
(
Get Free Report)
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.
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