Lincoln Educational Services Co. (NASDAQ:LINC) CFO Sells $112,890.96 in Stock

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 6,892 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $16.38, for a total value of $112,890.96. Following the transaction, the chief financial officer now directly owns 266,133 shares in the company, valued at $4,359,258.54. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC opened at $15.19 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.75 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $12.94 and its 200 day moving average price is $12.32. Lincoln Educational Services Co. has a 52 week low of $8.78 and a 52 week high of $18.74. The stock has a market cap of $478.18 million, a price-to-earnings ratio of 47.47, a PEG ratio of 1.88 and a beta of 1.41.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LINC shares. Rosenblatt Securities upped their price target on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Barrington Research upped their target price on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com downgraded shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, B. Riley upped their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Lincoln Educational Services currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Hedge Funds Weigh In On Lincoln Educational Services

Several hedge funds have recently bought and sold shares of the stock. Herr Investment Group LLC lifted its position in shares of Lincoln Educational Services by 3.9% in the first quarter. Herr Investment Group LLC now owns 2,355,737 shares of the company’s stock valued at $24,335,000 after acquiring an additional 88,335 shares in the last quarter. Vanguard Group Inc. raised its stake in Lincoln Educational Services by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock valued at $13,875,000 after purchasing an additional 136,334 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lincoln Educational Services by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 970,425 shares of the company’s stock valued at $11,509,000 after purchasing an additional 50,737 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Lincoln Educational Services by 25.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock worth $9,119,000 after purchasing an additional 155,754 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Lincoln Educational Services by 12.6% during the second quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock worth $7,658,000 after buying an additional 72,400 shares in the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.

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.