Brian K. Meyers Sells 6,892 Shares of Lincoln Educational Services Co. (NASDAQ:LINC) Stock

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 6,892 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $16.38, for a total transaction of $112,890.96. Following the sale, the chief financial officer now directly owns 266,133 shares in the company, valued at approximately $4,359,258.54. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Lincoln Educational Services Stock Down 1.5 %

Shares of NASDAQ:LINC opened at $15.19 on Friday. Lincoln Educational Services Co. has a 1-year low of $8.78 and a 1-year high of $18.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.75. The stock has a market cap of $478.18 million, a P/E ratio of 47.47, a P/E/G ratio of 1.88 and a beta of 1.41. The firm has a fifty day moving average price of $12.94 and a 200 day moving average price of $12.32.

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). Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The business had revenue of $114.41 million during the quarter, compared to analysts’ expectations of $111.05 million. During the same period in the previous year, the company posted $0.11 earnings per share. Sell-side analysts predict that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

LINC has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barrington Research raised their price objective on Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Rosenblatt Securities boosted their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, B. Riley upped their target price on 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 given a buy rating to the company. According to MarketBeat.com, Lincoln Educational Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gladius Capital Management LP acquired a new stake in shares of Lincoln Educational Services during the second quarter worth $33,000. BNP Paribas Financial Markets increased its stake in Lincoln Educational Services by 60.2% in 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 during the period. SG Americas Securities LLC acquired a new position in Lincoln Educational Services in the 3rd quarter valued at $121,000. The Manufacturers Life Insurance Company purchased a new position in Lincoln Educational Services during the 2nd quarter worth $123,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Lincoln Educational Services in the third quarter valued at about $144,000. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

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 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.