Brian K. Meyers Sells 8,939 Shares of Lincoln Educational Services Co. (NASDAQ:LINC) Stock

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 8,939 shares of Lincoln Educational Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $15.26, for a total transaction of $136,409.14. Following the completion of the sale, the chief financial officer now directly owns 233,810 shares in the company, valued at approximately $3,567,940.60. This represents a 3.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Lincoln Educational Services Trading Down 1.5 %

Shares of LINC traded down $0.23 during trading hours on Friday, reaching $15.19. 90,241 shares of the company traded hands, compared to its average volume of 109,696. The company has a quick ratio of 1.75, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Co. has a 12 month low of $8.78 and a 12 month high of $18.74. The company’s fifty day moving average price is $12.79 and its two-hundred day moving average price is $12.26. The company has a market capitalization of $478.18 million, a price-to-earnings ratio of 47.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The business had revenue of $114.41 million during the quarter, compared to the consensus estimate of $111.05 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. Equities research analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities boosted their price objective on Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 9th. StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barrington Research upped their target price on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday. Finally, B. Riley increased their price objective on 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. First Eagle Investment Management LLC raised its stake in shares of Lincoln Educational Services by 13.6% in the first quarter. First Eagle Investment Management LLC now owns 613,097 shares of the company’s stock worth $6,333,000 after buying an additional 73,321 shares during the period. Vanguard Group Inc. increased its holdings in Lincoln Educational Services by 11.3% in the 1st 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 in the last quarter. Renaissance Technologies LLC raised its stake in Lincoln Educational Services by 12.6% during the 2nd quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock worth $7,658,000 after acquiring an additional 72,400 shares during the period. Secure Asset Management LLC bought a new position in shares of Lincoln Educational Services in the second quarter worth approximately $612,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Lincoln Educational Services in the second quarter worth $576,000. 72.23% of the stock is owned by hedge funds and other institutional investors.

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.