Insider Selling: Lincoln Educational Services Co. (NASDAQ:LINC) CFO Sells 7,487 Shares of Stock

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 7,487 shares of Lincoln Educational Services stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 226,323 shares of the company’s stock, valued at $3,467,268.36. The trade was a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC opened at $15.60 on Friday. The business has a 50-day simple moving average of $13.15 and a two-hundred day simple moving average of $12.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. The company has a market cap of $491.09 million, a PE ratio of 48.56, a P/E/G ratio of 1.87 and a beta of 1.41. Lincoln Educational Services Co. has a fifty-two week low of $8.78 and a fifty-two week high of $18.74.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The firm had revenue of $114.41 million during the quarter, compared to analysts’ expectations of $111.05 million. During the same period in the prior year, the company posted $0.11 EPS. As a group, equities analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. B. Riley boosted their target price on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Rosenblatt Securities raised 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. Barrington Research upped their price target on 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, StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Hedge Funds Weigh In On Lincoln Educational Services

A number of hedge funds have recently made changes to their positions in the stock. Essex Investment Management Co. LLC grew its stake in shares of Lincoln Educational Services by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 443,739 shares of the company’s stock valued at $5,298,000 after buying an additional 1,490 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Lincoln Educational Services by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company’s stock worth $895,000 after buying an additional 2,545 shares during the period. Gladius Capital Management LP acquired a new position in shares of Lincoln Educational Services in the second quarter worth $33,000. Pullen Investment Management LLC raised its stake in shares of Lincoln Educational Services by 2.4% in the second quarter. Pullen Investment Management LLC now owns 124,832 shares of the company’s stock valued at $1,481,000 after acquiring an additional 2,924 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Lincoln Educational Services by 60.2% during the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock worth $116,000 after purchasing an additional 4,217 shares in the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.

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.