Insider Buying: Lincoln Educational Services Corp (NASDAQ:LINC) Major Shareholder Acquires 9,889 Shares of Stock

Lincoln Educational Services Corp (NASDAQ:LINC) major shareholder Juniper Investment Company, Ll acquired 9,889 shares of the business’s stock in a transaction on Friday, December 6th. The shares were bought at an average price of $1.95 per share, with a total value of $19,283.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more 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 Thursday, December 12th, Juniper Investment Company, Ll acquired 73,600 shares of Lincoln Educational Services stock. The shares were bought at an average price of $2.19 per share, with a total value of $161,184.00.
  • On Tuesday, December 10th, Juniper Investment Company, Ll acquired 143,921 shares of Lincoln Educational Services stock. The shares were bought at an average price of $2.32 per share, with a total value of $333,896.72.

NASDAQ LINC opened at $2.40 on Friday. 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 Corp has a 1-year low of $1.51 and a 1-year high of $3.34. The company has a 50 day moving average of $1.93 and a 200-day moving average of $2.13. The company has a market cap of $57.02 million, a price-to-earnings ratio of -8.89, a PEG ratio of 1.51 and a beta of 0.71.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $72.59 million during the quarter, compared to analyst estimates of $72.34 million. On average, equities research analysts forecast that Lincoln Educational Services Corp will post 0.1 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. River & Mercantile Asset Management LLP acquired a new stake in shares of Lincoln Educational Services in the second quarter valued at approximately $674,000. Paloma Partners Management Co acquired a new stake in shares of Lincoln Educational Services in the second quarter valued at approximately $40,000. Finally, Renaissance Technologies LLC raised its position in shares of Lincoln Educational Services by 2.1% in the second quarter. Renaissance Technologies LLC now owns 693,128 shares of the company’s stock valued at $1,601,000 after buying an additional 14,582 shares in the last quarter. Institutional investors own 66.19% of the company’s stock.

Several equities research analysts have issued reports on the stock. Barrington Research restated an “outperform” rating and set a $3.50 price objective (down from $4.25) on shares of Lincoln Educational Services in a research report on Monday, November 18th. Zacks Investment Research downgraded shares of Lincoln Educational Services from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 20th. ValuEngine upgraded shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research report on Saturday, December 7th. Finally, TheStreet upgraded shares of Lincoln Educational Services from a “d+” rating to a “c-” rating in a research report on Monday, October 28th.

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

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