Lincoln Educational Services Co. (NASDAQ:LINC) CFO Sells $114,700.84 in Stock

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

Lincoln Educational Services Price Performance

NASDAQ LINC opened at $15.38 on Thursday. The stock has a 50-day simple moving average of $13.15 and a 200 day simple moving average of $12.41. Lincoln Educational Services Co. has a twelve month low of $8.78 and a twelve month high of $18.74. The stock has a market capitalization of $484.16 million, a PE ratio of 48.06, a P/E/G ratio of 1.87 and a beta of 1.41. 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 issued its quarterly earnings results on Monday, November 11th. The company reported $0.13 EPS 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 business had revenue of $114.41 million for the quarter, compared to analyst estimates of $111.05 million. During the same quarter last year, the firm earned $0.11 earnings per share. Research analysts anticipate that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Analyst Ratings Changes

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

Institutional Trading of Lincoln Educational Services

Several hedge funds and other institutional investors have recently bought and sold shares of LINC. Gladius Capital Management LP acquired a new stake in Lincoln Educational Services during the second quarter worth about $33,000. BNP Paribas Financial Markets lifted 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 worth $116,000 after acquiring an additional 4,217 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Lincoln Educational Services during the 3rd quarter worth approximately $121,000. The Manufacturers Life Insurance Company bought a new stake in shares of Lincoln Educational Services during the second quarter valued at approximately $123,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Lincoln Educational Services in the third quarter valued at $144,000. 72.23% of the stock is currently owned by institutional investors and hedge funds.

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.