Lincoln Educational Services Corp (NASDAQ:LINC) Director Celia Currin acquired 5,950 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was bought at an average price of $2.03 per share, for a total transaction of $12,078.50.
NASDAQ LINC traded up $0.08 during trading hours on Monday, reaching $2.03. 67,498 shares of the stock traded hands, compared to its average volume of 19,567. The stock has a 50 day simple moving average of $1.93 and a two-hundred day simple moving average of $2.15. Lincoln Educational Services Corp has a 1 year low of $1.51 and a 1 year high of $3.34. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.65 and a quick ratio of 0.62. The company has a market cap of $46.30 million, a price-to-earnings ratio of -7.41, a price-to-earnings-growth ratio of 1.30 and a beta of 0.71.
Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings data on Thursday, November 14th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The firm had revenue of $72.59 million during the quarter, compared to analysts’ expectations of $72.34 million. Lincoln Educational Services had a negative return on equity of 6.17% and a negative net margin of 0.80%. On average, sell-side analysts forecast that Lincoln Educational Services Corp will post 0.1 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in Lincoln Educational Services by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 693,128 shares of the company’s stock worth $1,601,000 after buying an additional 14,582 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Lincoln Educational Services in the second quarter worth approximately $40,000. Finally, River & Mercantile Asset Management LLP bought a new position in Lincoln Educational Services during the second quarter valued at approximately $674,000. 66.19% of the stock is currently owned by institutional investors.
Several equities research analysts have issued reports on LINC shares. ValuEngine upgraded shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research lowered shares of Lincoln Educational Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 20th. Barrington Research restated an “outperform” rating and set a $3.50 price objective (down previously from $4.25) on shares of Lincoln Educational Services in a research report on Monday, November 18th. Finally, TheStreet upgraded shares of Lincoln Educational Services from a “d+” rating to a “c-” rating in a research report on Monday, October 28th.
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 three segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional.
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