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.
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.
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