Secure Asset Management LLC Sells 3,012 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Secure Asset Management LLC decreased its holdings in Lincoln Educational Services Co. (NASDAQ:LINC) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,631 shares of the company’s stock after selling 3,012 shares during the period. Secure Asset Management LLC owned about 0.15% of Lincoln Educational Services worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LINC. First Eagle Investment Management LLC increased its stake in Lincoln Educational Services by 25.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock worth $9,119,000 after buying an additional 155,754 shares during the period. Vanguard Group Inc. increased its position in shares of Lincoln Educational Services by 11.3% during the first quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock worth $13,875,000 after acquiring an additional 136,334 shares during the period. Pullen Investment Management LLC bought a new stake in shares of Lincoln Educational Services during the first quarter valued at approximately $1,259,000. Herr Investment Group LLC boosted its holdings in shares of Lincoln Educational Services by 3.9% in the first quarter. Herr Investment Group LLC now owns 2,355,737 shares of the company’s stock valued at $24,335,000 after purchasing an additional 88,335 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Lincoln Educational Services by 12.6% in the second quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock worth $7,658,000 after purchasing an additional 72,400 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors.

Lincoln Educational Services Stock Performance

LINC opened at $12.90 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.17. The firm has a market cap of $405.63 million, a price-to-earnings ratio of 15.18, a PEG ratio of 1.56 and a beta of 1.42. Lincoln Educational Services Co. has a 12 month low of $7.88 and a 12 month high of $14.52. The stock has a fifty day moving average price of $12.12 and a 200-day moving average price of $11.73.

Lincoln Educational Services (NASDAQ:LINC) last announced its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. Lincoln Educational Services had a net margin of 1.95% and a return on equity of 10.38%. The business had revenue of $102.91 million during the quarter, compared to the consensus estimate of $99.60 million. As a group, equities research analysts anticipate that Lincoln Educational Services Co. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LINC shares. Rosenblatt Securities upped their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com cut shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Barrington Research restated an “outperform” rating and issued a $16.00 price target on shares of Lincoln Educational Services in a report on Friday, September 20th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

Insider Activity at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of Lincoln Educational Services stock in a transaction on Monday, August 19th. The shares were sold at an average price of $12.04, for a total value of $27,330.80. Following the transaction, the insider now directly owns 874,140 shares of the company’s stock, valued at approximately $10,524,645.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 40,819 shares of company stock valued at $490,481 over the last 90 days. 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.