Lincoln Educational Services (NASDAQ:LINC) Trading Up 14%

Lincoln Educational Services Corp (NASDAQ:LINC) shares were up 14% during mid-day trading on Tuesday . The company traded as high as $2.34 and last traded at $2.32, approximately 179,719 shares changed hands during mid-day trading. An increase of 1,140% from the average daily volume of 14,499 shares. The stock had previously closed at $2.03.

A number of equities analysts recently issued reports on LINC shares. Zacks Investment Research lowered shares of Lincoln Educational Services from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 20th. TheStreet upgraded shares of Lincoln Educational Services from a “d+” rating to a “c-” rating in a research report on Monday, October 28th. Barrington Research reiterated an “outperform” rating and issued a $3.50 target price (down previously from $4.25) on shares of Lincoln Educational Services in a research report on Monday, November 18th. Finally, ValuEngine upgraded shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research report on Saturday, December 7th.

The stock’s 50-day moving average is $1.92 and its 200-day moving average is $2.13. The stock has a market cap of $51.22 million, a P/E ratio of -7.78, a price-to-earnings-growth ratio of 1.35 and a beta of 0.71. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 1.66.

Lincoln Educational Services (NASDAQ:LINC) last announced its earnings results on Thursday, November 14th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.05). Lincoln Educational Services had a negative net margin of 0.80% and a negative return on equity of 6.17%. The company had revenue of $72.59 million during the quarter, compared to the consensus estimate of $72.34 million. On average, equities analysts forecast that Lincoln Educational Services Corp will post 0.1 EPS for the current year.

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll acquired 143,921 shares of Lincoln Educational Services stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of $2.32 per share, for a total transaction of $333,896.72. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have bought 164,868 shares of company stock valued at $373,891. Insiders own 6.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Paloma Partners Management Co bought a new position in shares of Lincoln Educational Services during the 2nd quarter valued at about $40,000. River & Mercantile Asset Management LLP bought a new position in shares of Lincoln Educational Services during the 2nd quarter valued at about $674,000. Finally, Renaissance Technologies LLC boosted its position in shares of Lincoln Educational Services by 2.1% during the 2nd quarter. Renaissance Technologies LLC now owns 693,128 shares of the company’s stock valued at $1,601,000 after purchasing an additional 14,582 shares in the last quarter. Institutional investors own 66.19% of the company’s stock.

About Lincoln Educational Services (NASDAQ:LINC)

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 three segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional.

Featured Story: Stochastic Momentum Index (SMI)

Receive News & Ratings for Lincoln Educational Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Educational Services and related companies with MarketBeat.com's FREE daily email newsletter.