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

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

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC traded down $0.23 during mid-day trading on Friday, reaching $15.19. 90,241 shares of the company traded hands, compared to its average volume of 109,696. Lincoln Educational Services Co. has a fifty-two week low of $8.78 and a fifty-two week high of $18.74. The firm has a market cap 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 stock has a fifty day simple moving average of $12.79 and a 200-day simple moving average of $12.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.75.

Lincoln Educational Services (NASDAQ:LINC) last released 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 return on equity of 10.60% and a net margin of 2.33%. The business had revenue of $114.41 million during the quarter, compared to the consensus estimate of $111.05 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Equities research analysts anticipate that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LINC. Gladius Capital Management LP bought a new stake in shares of Lincoln Educational Services during the 2nd quarter worth about $33,000. SG Americas Securities LLC bought a new stake in Lincoln Educational Services during the third quarter worth approximately $121,000. The Manufacturers Life Insurance Company acquired a new position in Lincoln Educational Services during the second quarter valued at approximately $123,000. BNP Paribas Financial Markets grew its holdings in Lincoln Educational Services by 60.2% during the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after purchasing an additional 4,217 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Lincoln Educational Services in the third quarter valued at approximately $144,000. Institutional investors and hedge funds own 72.23% of the company’s stock.

Analyst Upgrades and Downgrades

LINC has been the topic of several analyst reports. Barrington Research increased their target price on Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday. Rosenblatt Securities lifted 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. StockNews.com lowered shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, B. Riley boosted their price objective on Lincoln Educational Services from $15.00 to $20.00 and gave the stock 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. Based on data from MarketBeat.com, Lincoln Educational Services has an average rating of “Moderate Buy” and an average price target of $18.00.

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.