Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) EVP Chad D. Nyce sold 9,977 shares of Lincoln Educational Services stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.50, for a total transaction of $164,620.50. Following the completion of the sale, the executive vice president now directly owns 144,669 shares of the company's stock, valued at approximately $2,387,038.50. The trade was a 6.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Lincoln Educational Services Stock Performance
NASDAQ LINC opened at $16.49 on Thursday. The company's fifty day moving average is $13.53 and its two-hundred day moving average is $12.55. Lincoln Educational Services Co. has a 52-week low of $8.78 and a 52-week high of $18.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53. The firm has a market capitalization of $519.09 million, a price-to-earnings ratio of 51.53, a P/E/G ratio of 2.02 and a beta of 1.41.
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Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.01). The firm had revenue of $114.41 million for the quarter, compared to analyst estimates of $111.05 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. During the same period last year, the business earned $0.11 earnings per share. Equities research analysts forecast that Lincoln Educational Services Co. will post 0.54 EPS for the current year.
Institutional Trading of Lincoln Educational Services
Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Lincoln Educational Services by 11.3% in the first quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company's stock worth $13,875,000 after purchasing an additional 136,334 shares during the period. Gladius Capital Management LP bought a new position in shares of Lincoln Educational Services during the 2nd quarter worth about $33,000. Secure Asset Management LLC bought a new position in shares of Lincoln Educational Services during the 2nd quarter worth about $612,000. Calamos Advisors LLC acquired a new stake in shares of Lincoln Educational Services during the 2nd quarter valued at about $576,000. Finally, Bank of New York Mellon Corp increased its stake in Lincoln Educational Services by 19.5% in the second quarter. Bank of New York Mellon Corp now owns 97,580 shares of the company's stock valued at $1,157,000 after acquiring an additional 15,920 shares during the period. 72.23% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently issued reports on LINC. Barrington Research raised their target price on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. B. Riley raised their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. StockNews.com cut Lincoln Educational Services from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. Finally, Rosenblatt Securities raised their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the company a "buy" rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.00.
Read Our Latest Research Report on Lincoln Educational Services
Lincoln Educational Services Company Profile
(
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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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