Lincoln Educational Services (NASDAQ:LINC) Director Sells $172,154.56 in Stock

Lincoln Educational Services Corporation (NASDAQ:LINC) Director Kevin Carney sold 7,604 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $22.64, for a total value of $172,154.56. Following the transaction, the director directly owned 38,689 shares in the company, valued at approximately $875,918.96. The trade was a 16.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Lincoln Educational Services Trading Down 1.8%

NASDAQ LINC traded down $0.41 during trading on Friday, hitting $22.28. The stock had a trading volume of 175,011 shares, compared to its average volume of 253,774. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $704.49 million, a PE ratio of 49.51, a PEG ratio of 1.84 and a beta of 1.00. The firm has a 50 day moving average price of $21.26 and a 200 day moving average price of $21.58. Lincoln Educational Services Corporation has a twelve month low of $14.10 and a twelve month high of $25.76.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.08. The business had revenue of $141.39 million for the quarter, compared to analysts’ expectations of $129.85 million. Lincoln Educational Services had a net margin of 2.86% and a return on equity of 12.20%. As a group, equities research analysts forecast that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Lincoln Educational Services in a research note on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and issued a $27.00 target price on shares of Lincoln Educational Services in a report on Monday. Rosenblatt Securities boosted their target price on Lincoln Educational Services from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Wall Street Zen lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Saturday, November 29th. Finally, Zacks Research upgraded Lincoln Educational Services to a “hold” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.40.

Institutional Trading of Lincoln Educational Services

A number of hedge funds and other institutional investors have recently bought and sold shares of LINC. Vanguard Group Inc. lifted its holdings in Lincoln Educational Services by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,682,345 shares of the company’s stock worth $39,535,000 after buying an additional 58,582 shares during the last quarter. Alyeska Investment Group L.P. raised its position in shares of Lincoln Educational Services by 26.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,449,605 shares of the company’s stock worth $34,066,000 after acquiring an additional 300,000 shares in the last quarter. Wasatch Advisors LP lifted its stake in Lincoln Educational Services by 4.8% during the third quarter. Wasatch Advisors LP now owns 1,168,375 shares of the company’s stock worth $27,457,000 after purchasing an additional 53,281 shares during the last quarter. Next Century Growth Investors LLC lifted its stake in Lincoln Educational Services by 11.3% during the first quarter. Next Century Growth Investors LLC now owns 738,923 shares of the company’s stock worth $11,727,000 after purchasing an additional 74,775 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Lincoln Educational Services by 11.0% in the second quarter. Geode Capital Management LLC now owns 728,506 shares of the company’s stock valued at $16,795,000 after purchasing an additional 71,973 shares in the last quarter. 72.23% of the stock is currently 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 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.