Brian K. Meyers Sells 7,487 Shares of Lincoln Educational Services Co. (NASDAQ:LINC) Stock

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 7,487 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $15.32, for a total transaction of $114,700.84. Following the transaction, the chief financial officer now owns 226,323 shares in the company, valued at $3,467,268.36. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Lincoln Educational Services Stock Up 1.4 %

LINC opened at $15.60 on Friday. The company has a fifty day moving average price of $13.15 and a 200-day moving average price of $12.41. Lincoln Educational Services Co. has a one year low of $8.78 and a one year high of $18.74. The firm has a market capitalization of $491.09 million, a P/E ratio of 48.56, a price-to-earnings-growth ratio of 1.87 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 1.53.

Lincoln Educational Services (NASDAQ:LINC) last issued its earnings results on Monday, November 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $114.41 million during the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.11 EPS. Equities research analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Gladius Capital Management LP purchased a new position in shares of Lincoln Educational Services in the 2nd quarter valued at approximately $33,000. SG Americas Securities LLC purchased a new position in shares of Lincoln Educational Services during the third quarter valued at approximately $121,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Lincoln Educational Services in the 2nd quarter worth approximately $123,000. BNP Paribas Financial Markets raised its stake in Lincoln Educational Services by 60.2% during the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after buying an additional 4,217 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Lincoln Educational Services in the third quarter worth $144,000. 72.23% of the stock is owned by hedge funds and other institutional investors.

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.