Michael A. Plater Sells 10,471 Shares of Lincoln Educational Services Co. (NASDAQ:LINC) Stock

Lincoln Educational Services Co. (NASDAQ:LINC) Director Michael A. Plater sold 10,471 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $15.41, for a total transaction of $161,358.11. Following the completion of the transaction, the director now directly owns 31,608 shares of the company’s stock, valued at approximately $487,079.28. The trade was a 24.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lincoln Educational Services Trading Down 1.5 %

NASDAQ LINC opened at $15.19 on Friday. Lincoln Educational Services Co. has a 12 month low of $8.78 and a 12 month high of $18.74. 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 firm has a market capitalization of $478.18 million, a PE ratio of 47.47, a price-to-earnings-growth ratio of 1.88 and a beta of 1.41. The business’s 50-day moving average price is $12.94 and its two-hundred day moving average price is $12.32.

Lincoln Educational Services (NASDAQ:LINC) last announced its 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 company had revenue of $114.41 million during the quarter, compared to the consensus estimate of $111.05 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Lincoln Educational Services

A number of hedge funds have recently bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in Lincoln Educational Services during the 2nd quarter worth about $33,000. SG Americas Securities LLC acquired a new stake in Lincoln Educational Services during the third quarter worth approximately $121,000. The Manufacturers Life Insurance Company bought a new stake in Lincoln Educational Services in the second quarter worth approximately $123,000. BNP Paribas Financial Markets lifted its stake in Lincoln Educational Services by 60.2% in 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 period. Finally, Janus Henderson Group PLC bought a new position in shares of Lincoln Educational Services during the 3rd quarter worth approximately $144,000. Institutional investors own 72.23% of the company’s stock.

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.