Brian K. Meyers Sells 8,939 Shares of Lincoln Educational Services Co. (NASDAQ:LINC) Stock

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 8,939 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $15.26, for a total value of $136,409.14. Following the sale, the chief financial officer now directly owns 233,810 shares in the company, valued at $3,567,940.60. This trade represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lincoln Educational Services Price Performance

Shares of NASDAQ:LINC opened at $15.19 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $478.18 million, a PE ratio of 47.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. The firm’s 50 day moving average price is $12.94 and its 200-day moving average price is $12.31. Lincoln Educational Services Co. has a twelve month low of $8.78 and a twelve month high of $18.74.

Lincoln Educational Services (NASDAQ:LINC) last announced its earnings results on Monday, November 11th. The company reported $0.13 EPS 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 analysts’ expectations 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 period in the prior year, the company posted $0.11 earnings per share. Equities research analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Hedge Funds Weigh In On Lincoln Educational Services

Institutional investors have recently bought and sold shares of the stock. Gladius Capital Management LP bought a new stake in Lincoln Educational Services during the second quarter valued at about $33,000. BNP Paribas Financial Markets lifted its position in shares of Lincoln Educational Services by 60.2% during the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after buying an additional 4,217 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Lincoln Educational Services during the 3rd quarter valued at approximately $121,000. The Manufacturers Life Insurance Company purchased a new stake in Lincoln Educational Services in the 2nd quarter worth approximately $123,000. Finally, Janus Henderson Group PLC bought a new stake in Lincoln Educational Services during the 3rd quarter worth approximately $144,000. 72.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Rosenblatt Securities increased their price objective 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. Barrington Research lifted their target price on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, B. Riley increased their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, 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.