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 company’s stock in a transaction that occurred 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 owns 605,005 shares in the company, valued at approximately $10,055,183.10. This trade represents a 9.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% 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 stock was 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 Trading Down 0.4 %

Shares of LINC stock opened at $16.43 on Friday. The business has a 50-day moving average of $13.68 and a 200 day moving average of $12.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53. Lincoln Educational Services Co. has a 1-year low of $8.78 and a 1-year high of $18.74. The stock has a market capitalization of $517.22 million, a PE ratio of 51.35, a P/E/G ratio of 2.04 and a beta of 1.41.

Lincoln Educational Services (NASDAQ:LINC) last released 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). Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The company had revenue of $114.41 million for the quarter, compared to analysts’ expectations of $111.05 million. During the same period last year, the company posted $0.11 EPS. As a group, sell-side analysts anticipate that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LINC has been the topic of a number of research analyst reports. Barrington Research increased their target price on Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Rosenblatt Securities boosted their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, B. Riley increased 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Hedge Funds Weigh In On Lincoln Educational Services

A number of hedge funds have recently modified their holdings of LINC. Vanguard Group Inc. grew its stake in shares of Lincoln Educational Services by 11.3% in the first quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock worth $13,875,000 after purchasing an additional 136,334 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Lincoln Educational Services by 12.6% during the second quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock valued at $7,658,000 after buying an additional 72,400 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Lincoln Educational Services by 25.4% during the second quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock valued at $9,119,000 after acquiring an additional 155,754 shares in the last quarter. Secure Asset Management LLC purchased a new stake in Lincoln Educational Services in the second quarter worth $612,000. Finally, Calamos Advisors LLC purchased a new stake in Lincoln Educational Services in the second quarter worth $576,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.

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.