Insider Selling: Lincoln Educational Services Co. (NASDAQ:LINC) Major Shareholder Sells 60,000 Shares of Stock

Lincoln Educational Services Co. (NASDAQ:LINC) major shareholder Juniper Investment Company, Ll sold 60,000 shares of Lincoln Educational Services stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $16.62, for a total value of $997,200.00. Following the sale, the insider now directly owns 605,005 shares in the company, valued at approximately $10,055,183.10. The trade was a 9.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Juniper Investment Company, Ll also recently made the following trade(s):

• On Monday, November 25th, Juniper Investment Company, Ll sold 34,997 shares of Lincoln Educational Services stock. The shares were sold at an average price of $16.52, for a total value of $578,150.44.
• On Wednesday, November 13th, Juniper Investment Company, Ll sold 7,123 shares of Lincoln Educational Services stock. The stock was sold at an average price of $16.86, for a total value of $120,093.78.

Lincoln Educational Services Stock Down 0.4 %

NASDAQ:LINC opened at $16.43 on Friday. The firm has a 50-day simple moving average of $13.68 and a two-hundred day simple moving average of $12.61. The firm has a market cap of $517.22 million, a P/E ratio of 51.35, a P/E/G ratio of 2.04 and a beta of 1.41. Lincoln Educational Services Co. has a fifty-two week low of $8.78 and a fifty-two week high of $18.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings data 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). Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The firm had revenue of $114.41 million during the quarter, compared to analysts’ expectations of $111.05 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lincoln Educational Services

Several institutional investors have recently modified their holdings of LINC. Vanguard Group Inc. raised its position 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 worth $13,875,000 after buying an additional 136,334 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Lincoln Educational Services by 12.6% in the second quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock worth $7,658,000 after acquiring an additional 72,400 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Lincoln Educational Services by 25.4% during the second quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock valued at $9,119,000 after purchasing an additional 155,754 shares during the last quarter. Secure Asset Management LLC bought a new position in Lincoln Educational Services during the second quarter valued at approximately $612,000. Finally, Calamos Advisors LLC purchased a new stake in Lincoln Educational Services in the second quarter worth approximately $576,000. 72.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.