Lincoln Educational Services’ (LINC) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Lincoln Educational Services (NASDAQ:LINC) in a research note released on Monday, Benzinga reports. They currently have a $13.50 price target on the stock.

LINC has been the topic of a number of other reports. B. Riley reaffirmed a buy rating and set a $14.00 price target (up from $12.00) on shares of Lincoln Educational Services in a report on Thursday, March 21st. Barrington Research reaffirmed an outperform rating and set a $12.00 price target on shares of Lincoln Educational Services in a report on Tuesday, February 13th. Finally, StockNews.com upgraded shares of Lincoln Educational Services from a hold rating to a buy rating in a research note on Saturday, March 2nd.

Lincoln Educational Services Stock Up 0.8 %

Shares of Lincoln Educational Services stock opened at $10.75 on Monday. The company has a 50-day simple moving average of $10.05 and a two-hundred day simple moving average of $9.60. The stock has a market capitalization of $338.09 million, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. Lincoln Educational Services has a 52-week low of $5.44 and a 52-week high of $10.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.79 and a current ratio of 1.83.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $102.52 million during the quarter, compared to the consensus estimate of $97.78 million. Lincoln Educational Services had a net margin of 6.88% and a return on equity of 9.63%. During the same quarter last year, the firm earned $0.32 earnings per share. On average, analysts anticipate that Lincoln Educational Services will post 0.41 EPS for the current fiscal year.

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the completion of the sale, the insider now directly owns 1,436,631 shares in the company, valued at approximately $14,553,072.03. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Chad D. Nyce sold 26,000 shares of Lincoln Educational Services stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $10.02, for a total transaction of $260,520.00. Following the transaction, the executive vice president now directly owns 154,646 shares of the company’s stock, valued at approximately $1,549,552.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the completion of the sale, the insider now directly owns 1,436,631 shares of the company’s stock, valued at $14,553,072.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 583,692 shares of company stock valued at $5,858,793. 16.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lincoln Educational Services

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Lincoln Educational Services in the 3rd quarter worth $86,000. Bank of New York Mellon Corp grew its position in shares of Lincoln Educational Services by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 131,825 shares of the company’s stock worth $1,114,000 after purchasing an additional 1,239 shares in the last quarter. Bailard Inc. lifted its holdings in Lincoln Educational Services by 39.5% in the 3rd quarter. Bailard Inc. now owns 98,045 shares of the company’s stock worth $828,000 after purchasing an additional 27,771 shares in the last quarter. Strs Ohio bought a new position in Lincoln Educational Services in the 3rd quarter worth approximately $192,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Lincoln Educational Services during the 3rd quarter valued at approximately $65,000. 72.23% of the stock is currently owned by institutional investors.

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.