Rice Hall James & Associates LLC Cuts Stock Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

Rice Hall James & Associates LLC decreased its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 241,635 shares of the company’s stock after selling 6,979 shares during the period. Rice Hall James & Associates LLC’s holdings in Lincoln Educational Services were worth $3,823,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Lincoln Educational Services by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 636,160 shares of the company’s stock valued at $7,598,000 after purchasing an additional 11,650 shares during the period. Needham Investment Management LLC increased its position in Lincoln Educational Services by 71.4% during the 3rd quarter. Needham Investment Management LLC now owns 600,000 shares of the company’s stock valued at $7,164,000 after purchasing an additional 250,000 shares during the period. State Street Corp increased its position in Lincoln Educational Services by 3.0% during 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 period. Pullen Investment Management LLC increased its position in Lincoln Educational Services by 15.3% during the 3rd quarter. Pullen Investment Management LLC now owns 143,950 shares of the company’s stock valued at $1,719,000 after purchasing an additional 19,118 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Lincoln Educational Services by 10.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,364 shares of the company’s stock valued at $1,258,000 after purchasing an additional 10,081 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LINC shares. Barrington Research lifted their price objective 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. B. Riley lifted their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

Lincoln Educational Services Stock Up 1.7 %

Shares of Lincoln Educational Services stock opened at $17.88 on Wednesday. The firm’s 50 day moving average price is $16.03 and its 200-day moving average price is $14.22. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Co. has a 52-week low of $9.29 and a 52-week high of $18.74. The company has a market cap of $562.86 million, a P/E ratio of 55.88, a PEG ratio of 1.72 and a beta of 1.41.

Insiders Place Their Bets

In related news, major shareholder Juniper Investment Company, Ll sold 61,289 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $16.19, for a total value of $992,268.91. Following the completion of the transaction, the insider now owns 425,544 shares in the company, valued at $6,889,557.36. This trade represents a 12.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Chad D. Nyce sold 9,977 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $16.50, for a total value of $164,620.50. Following the completion of the transaction, the executive vice president now owns 144,669 shares of the company’s stock, valued at $2,387,038.50. This trade represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 182,090 shares of company stock valued at $2,987,371. Insiders own 16.80% of the company’s stock.

About Lincoln Educational Services

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.