Lincoln Educational Services Co. (NASDAQ:LINC) CFO Sells $114,700.84 in Stock

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 7,487 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $15.32, for a total value of $114,700.84. Following the transaction, the chief financial officer now owns 226,323 shares in the company, valued at approximately $3,467,268.36. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Lincoln Educational Services Stock Up 1.5 %

Lincoln Educational Services stock traded up $0.22 during trading hours on Wednesday, reaching $15.38. The stock had a trading volume of 74,042 shares, compared to its average volume of 109,405. 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 company has a market cap of $484.16 million, a price-to-earnings ratio of 48.06, a PEG ratio of 1.88 and a beta of 1.41. The business’s 50 day moving average price is $13.15 and its 200-day moving average price is $12.41. Lincoln Educational Services Co. has a 52 week low of $8.78 and a 52 week high of $18.74.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company 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 quarter in the previous year, the firm posted $0.11 earnings per share. Sell-side analysts anticipate that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in Lincoln Educational Services by 259.0% during the third quarter. Barclays PLC now owns 34,220 shares of the company’s stock worth $408,000 after purchasing an additional 24,688 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lincoln Educational Services by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 636,160 shares of the company’s stock worth $7,598,000 after acquiring an additional 11,650 shares during the period. Jane Street Group LLC grew its holdings in shares of Lincoln Educational Services by 63.6% during the 3rd quarter. Jane Street Group LLC now owns 38,367 shares of the company’s stock worth $458,000 after purchasing an additional 14,913 shares during the period. State Street Corp increased its holdings in Lincoln Educational Services by 3.0% in the 3rd quarter. State Street Corp now owns 440,136 shares of the company’s stock valued at $5,255,000 after purchasing an additional 12,938 shares during the last quarter. Finally, Needham Investment Management LLC grew its position in Lincoln Educational Services by 71.4% in the 3rd quarter. Needham Investment Management LLC now owns 600,000 shares of the company’s stock valued at $7,164,000 after acquiring an additional 250,000 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LINC shares. StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. B. Riley upped their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barrington Research lifted their target price on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Rosenblatt Securities raised their price objective on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Lincoln Educational Services currently has an average rating of “Moderate Buy” and an average price target of $18.00.

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.