Lincoln Educational Services Co. (NASDAQ:LINC) Major Shareholder Sells $578,150.44 in Stock

Lincoln Educational Services Co. (NASDAQ:LINC) major shareholder Juniper Investment Company, Ll sold 34,997 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $16.52, for a total transaction of $578,150.44. Following the completion of the transaction, the insider now directly owns 669,926 shares of the company’s stock, valued at approximately $11,067,177.52. The trade was a 4.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, November 27th, Juniper Investment Company, Ll sold 60,000 shares of Lincoln Educational Services stock. The stock was sold at an average price of $16.62, for a total transaction of $997,200.00.
• 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 transaction of $120,093.78.

Lincoln Educational Services Price Performance

Shares of LINC stock traded up $0.03 on Wednesday, reaching $16.49. 192,554 shares of the company were exchanged, compared to its average volume of 110,832. The company has a market cap of $519.09 million, a price-to-earnings ratio of 51.44, a P/E/G ratio of 2.02 and a beta of 1.41. The business has a 50-day moving average price of $13.45 and a 200 day moving average price of $12.52. 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 Co. has a 1 year low of $8.78 and a 1 year high of $18.74.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings results 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). The business had revenue of $114.41 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.11 earnings per share. Equities research analysts forecast that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lincoln Educational Services

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 136,334 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Lincoln Educational Services by 12.6% in the 2nd 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 last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Lincoln Educational Services by 25.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock worth $9,119,000 after acquiring an additional 155,754 shares during the last quarter. Secure Asset Management LLC acquired a new position in shares of Lincoln Educational Services in the 2nd quarter worth approximately $612,000. Finally, Calamos Advisors LLC purchased a new stake in Lincoln Educational Services during the 2nd quarter worth approximately $576,000. 72.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LINC has been the topic of several research reports. StockNews.com lowered shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Rosenblatt Securities lifted 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. Barrington Research lifted their price objective on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, B. Riley raised their target price on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Lincoln Educational Services currently has a consensus rating of “Moderate Buy” and an average target price 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.