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.
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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