Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers Sells 6,892 Shares

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 6,892 shares of the 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. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Lincoln Educational Services Stock Performance

LINC stock opened at $15.19 on Monday. The firm has a 50-day simple moving average of $12.94 and a two-hundred day simple moving average of $12.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.75 and a current ratio of 1.57. 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 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 announced its earnings results on Monday, November 11th. The company reported $0.13 earnings per share 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 firm had revenue of $114.41 million during the quarter, compared to analyst estimates of $111.05 million. During the same quarter last year, the business earned $0.11 earnings per share. On average, equities analysts forecast that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gladius Capital Management LP acquired a new stake in Lincoln Educational Services in the second quarter worth about $33,000. BNP Paribas Financial Markets raised its position in shares of Lincoln Educational Services by 60.2% in the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after purchasing an additional 4,217 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Lincoln Educational Services in the 3rd quarter worth approximately $121,000. The Manufacturers Life Insurance Company purchased a new stake in Lincoln Educational Services during the 2nd quarter worth approximately $123,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Lincoln Educational Services in the third quarter worth $144,000. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LINC. 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 research note on Monday, November 11th. Rosenblatt Securities increased their price objective 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. StockNews.com lowered shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, B. Riley increased their target price on Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have assigned 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.

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.