Lincoln Educational Services Co. (NASDAQ:LINC) Major Shareholder Sells $997,200.00 in Stock

Lincoln Educational Services Co. (NASDAQ:LINC) major shareholder Juniper Investment Company, Ll sold 60,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $16.62, for a total transaction of $997,200.00. Following the completion of the transaction, the insider now directly owns 605,005 shares in the company, valued at $10,055,183.10. The trade was a 9.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, November 25th, Juniper Investment Company, Ll sold 34,997 shares of Lincoln Educational Services stock. The shares were sold at an average price of $16.52, for a total transaction of $578,150.44.
• On Wednesday, November 13th, Juniper Investment Company, Ll sold 7,123 shares of Lincoln Educational Services stock. The shares were sold at an average price of $16.86, for a total transaction of $120,093.78.

Lincoln Educational Services Stock Up 0.2 %

Shares of NASDAQ LINC traded up $0.03 during midday trading on Wednesday, hitting $16.49. The stock had a trading volume of 192,554 shares, compared to its average volume of 110,832. The business’s 50 day moving average is $13.45 and its 200-day moving average is $12.52. The company has a market cap of $519.09 million, a P/E ratio of 51.44, a PEG ratio of 2.02 and a beta of 1.41. Lincoln Educational Services Co. has a 52 week low of $8.78 and a 52 week high of $18.74. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings data 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 company had revenue of $114.41 million for the quarter, compared to the consensus estimate of $111.05 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. During the same quarter last year, the company earned $0.11 EPS. As a group, analysts predict that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Rosenblatt Securities increased 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. B. Riley boosted their price target 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. Barrington Research boosted their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, StockNews.com cut shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Institutional Trading of Lincoln Educational Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gladius Capital Management LP purchased a new stake in shares of Lincoln Educational Services in the second quarter worth $33,000. SG Americas Securities LLC bought a new position in Lincoln Educational Services during the third quarter valued at $121,000. The Manufacturers Life Insurance Company bought a new position in Lincoln Educational Services during the second quarter valued at $123,000. Janus Henderson Group PLC bought a new position in Lincoln Educational Services during the third quarter valued at $144,000. Finally, Barclays PLC lifted its holdings in shares of Lincoln Educational Services by 259.0% in the 3rd quarter. Barclays PLC now owns 34,220 shares of the company’s stock worth $408,000 after acquiring an additional 24,688 shares during the last quarter. 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.