Lincoln Educational Services Corp (NASDAQ:LINC) Major Shareholder Sells $356,892.08 in Stock

Lincoln Educational Services Corp (NASDAQ:LINC) major shareholder Targeted Opportunity F. Juniper sold 51,574 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $6.92, for a total transaction of $356,892.08. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

LINC traded down $0.09 during trading on Wednesday, hitting $6.71. The company’s stock had a trading volume of 378,133 shares, compared to its average volume of 99,930. The firm has a market capitalization of $177.15 million, a price-to-earnings ratio of 20.97, a P/E/G ratio of 2.15 and a beta of 0.72. Lincoln Educational Services Corp has a twelve month low of $1.60 and a twelve month high of $8.99. The business’s fifty day simple moving average is $6.54 and its 200 day simple moving average is $4.05. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.60.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.16. The firm had revenue of $62.47 million for the quarter, compared to analysts’ expectations of $64.96 million. Lincoln Educational Services had a net margin of 3.43% and a return on equity of 23.99%. As a group, equities research analysts forecast that Lincoln Educational Services Corp will post 0.21 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the company. Canaccord Genuity initiated coverage on Lincoln Educational Services in a research note on Thursday, September 10th. They set a “buy” rating for the company. TheStreet upgraded Lincoln Educational Services from a “c” rating to a “b-” rating in a research report on Wednesday, August 12th. Colliers Securities assumed coverage on Lincoln Educational Services in a report on Tuesday, June 23rd. They issued a “buy” rating and a $6.00 price target for the company. Zacks Investment Research raised shares of Lincoln Educational Services from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective on the stock in a research note on Saturday, August 15th. Finally, B. Riley assumed coverage on shares of Lincoln Educational Services in a report on Friday, May 22nd. They set a “buy” rating and a $4.50 target price for the company. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Lincoln Educational Services has an average rating of “Buy” and a consensus target price of $6.25.

Several hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. lifted its position in shares of Lincoln Educational Services by 1.8% in the first quarter. Alyeska Investment Group L.P. now owns 2,419,980 shares of the company’s stock valued at $5,324,000 after acquiring an additional 43,835 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Lincoln Educational Services in the 1st quarter valued at $28,000. Envestnet Asset Management Inc. purchased a new position in Lincoln Educational Services in the 2nd quarter valued at $39,000. National Investment Services of America LLC boosted its stake in Lincoln Educational Services by 16.6% during the 2nd quarter. National Investment Services of America LLC now owns 128,706 shares of the company’s stock worth $502,000 after purchasing an additional 18,329 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Lincoln Educational Services by 9.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 61,237 shares of the company’s stock worth $239,000 after purchasing an additional 5,247 shares during the last quarter. 63.41% of the stock is owned by institutional investors and hedge funds.

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 three segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional.

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