Insider Selling: Lincoln Educational Services Co. (NASDAQ:LINC) CFO Sells 8,939 Shares of Stock

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 8,939 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $15.26, for a total value of $136,409.14. Following the transaction, the chief financial officer now owns 233,810 shares in the company, valued at approximately $3,567,940.60. This trade represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lincoln Educational Services Trading Down 1.5 %

Shares of Lincoln Educational Services stock traded down $0.23 on Friday, hitting $15.19. 90,241 shares of the company’s stock traded hands, compared to its average volume of 109,696. The firm’s 50-day moving average price is $12.79 and its two-hundred day moving average price is $12.26. The stock has a market capitalization of $478.18 million, a PE ratio of 47.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.75. Lincoln Educational Services Co. has a one year low of $8.78 and a one year high of $18.74.

Lincoln Educational Services (NASDAQ:LINC) last announced its earnings results on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The company had revenue of $114.41 million during the quarter, compared to analyst estimates of $111.05 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. During the same period in the previous year, the company posted $0.11 earnings per share. On average, research analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LINC has been the topic of several research analyst reports. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Rosenblatt Securities increased their target price on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Barrington Research lifted their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, B. Riley upped their target price on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Lincoln Educational Services has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Hedge Funds Weigh In On Lincoln Educational Services

A number of large investors have recently made changes to their positions in LINC. Jane Street Group LLC increased its position in shares of Lincoln Educational Services by 63.6% in the third quarter. Jane Street Group LLC now owns 38,367 shares of the company’s stock worth $458,000 after purchasing an additional 14,913 shares during the period. State Street Corp grew its position in shares of Lincoln Educational Services by 3.0% in the 3rd quarter. State Street Corp now owns 440,136 shares of the company’s stock valued at $5,255,000 after buying an additional 12,938 shares during the last quarter. Needham Investment Management LLC boosted its stake in shares of Lincoln Educational Services by 71.4% in the 3rd quarter. Needham Investment Management LLC now owns 600,000 shares of the company’s stock valued at $7,164,000 after purchasing an additional 250,000 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Lincoln Educational Services during the 3rd quarter valued at about $144,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Lincoln Educational Services by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company’s stock valued at $895,000 after acquiring an additional 2,545 shares during the period. Institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Company Profile

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.