Nicholas Investment Partners LP bought a new position in shares of Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 531,935 shares of the company’s stock, valued at approximately $26,544,000. Lincoln Educational Services comprises about 1.5% of Nicholas Investment Partners LP’s investment portfolio, making the stock its 8th largest holding.
A number of other large investors have also made changes to their positions in LINC. BlackRock Inc. acquired a new stake in shares of Lincoln Educational Services in the second quarter valued at approximately $123,906,000. Pillsbury Lake Capital LLC acquired a new position in Lincoln Educational Services during the fourth quarter worth $17,028,000. Alyeska Investment Group L.P. boosted its stake in Lincoln Educational Services by 26.1% during the third quarter. Alyeska Investment Group L.P. now owns 1,449,605 shares of the company’s stock worth $34,066,000 after buying an additional 300,000 shares during the last quarter. Needham Investment Management LLC grew its holdings in Lincoln Educational Services by 30.1% in the 4th quarter. Needham Investment Management LLC now owns 1,125,000 shares of the company’s stock valued at $27,169,000 after buying an additional 260,000 shares in the last quarter. Finally, Wasatch Advisors LP grew its holdings in Lincoln Educational Services by 22.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,115,094 shares of the company’s stock valued at $25,703,000 after buying an additional 202,170 shares in the last quarter. 72.23% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Lincoln Educational Services news, SVP Alexandra M. Luster sold 18,007 shares of Lincoln Educational Services stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $44.64, for a total transaction of $803,832.48. Following the completion of the sale, the senior vice president directly owned 82,356 shares of the company’s stock, valued at $3,676,371.84. The trade was a 17.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin M. Carney sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $48.00, for a total value of $144,000.00. Following the transaction, the director directly owned 25,039 shares of the company’s stock, valued at approximately $1,201,872. This represents a 10.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 23,000 shares of company stock valued at $1,047,702. Insiders own 12.80% of the company’s stock.
Lincoln Educational Services Stock Down 3.5%
Lincoln Educational Services (NASDAQ:LINC – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter. Lincoln Educational Services had a return on equity of 14.47% and a net margin of 3.99%.The firm had revenue of $142.56 million during the quarter, compared to analyst estimates of $139.49 million. Lincoln Educational Services has set its FY 2026 guidance at 0.740-0.830 EPS. Analysts forecast that Lincoln Educational Services Corporation will post 0.78 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
LINC has been the subject of a number of analyst reports. Northland Securities set a $60.00 price objective on shares of Lincoln Educational Services in a report on Thursday, May 28th. Weiss Ratings downgraded shares of Lincoln Educational Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Lake Street Capital decreased their target price on shares of Lincoln Educational Services from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Rosenblatt Securities dropped their price target on shares of Lincoln Educational Services from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Finally, Barrington Research set a $50.00 price target on shares of Lincoln Educational Services in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.67.
Read Our Latest Stock Analysis on LINC
Lincoln Educational Services Company Profile
Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.
The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.
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