James J. Burke, Jr. Sells 10,000 Shares of Lincoln Educational Services Co. (NASDAQ:LINC) Stock

Lincoln Educational Services Co. (NASDAQ:LINC) Director James J. Burke, Jr. sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $21.40, for a total value of $214,000.00. Following the transaction, the director now owns 87,230 shares of the company’s stock, valued at approximately $1,866,722. The trade was a 10.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lincoln Educational Services Trading Up 2.3%

NASDAQ LINC opened at $21.69 on Friday. Lincoln Educational Services Co. has a 1-year low of $10.06 and a 1-year high of $22.27. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $17.10 and a 200-day moving average of $16.46. The firm has a market cap of $685.25 million, a PE ratio of 67.78, a price-to-earnings-growth ratio of 1.70 and a beta of 1.63.

Lincoln Educational Services (NASDAQ:LINC) last released its earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The company had revenue of $117.51 million during the quarter, compared to analyst estimates of $114.55 million. As a group, sell-side analysts forecast that Lincoln Educational Services Co. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LINC. Lake Street Capital upped their price objective on Lincoln Educational Services from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Barrington Research upped their price objective on Lincoln Educational Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, May 12th. B. Riley reiterated a “buy” rating on shares of Lincoln Educational Services in a report on Tuesday. Northland Securities began coverage on Lincoln Educational Services in a report on Thursday, April 24th. They issued an “outperform” rating and a $24.00 price objective for the company. Finally, Rosenblatt Securities upped their price objective on Lincoln Educational Services from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $24.60.

Institutional Investors Weigh In On Lincoln Educational Services

A number of hedge funds and other institutional investors have recently modified their holdings of LINC. Barclays PLC raised its position in Lincoln Educational Services by 259.0% during the 3rd quarter. Barclays PLC now owns 34,220 shares of the company’s stock valued at $408,000 after purchasing an additional 24,688 shares during the last quarter. JPMorgan Chase & Co. raised its position in Lincoln Educational Services by 248.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,646 shares of the company’s stock valued at $473,000 after purchasing an additional 28,275 shares during the last quarter. Calamos Advisors LLC raised its position in Lincoln Educational Services by 38.7% during the 4th quarter. Calamos Advisors LLC now owns 91,629 shares of the company’s stock valued at $1,450,000 after purchasing an additional 25,560 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Lincoln Educational Services during the 4th quarter valued at approximately $288,000. Finally, AMH Equity Ltd raised its position in Lincoln Educational Services by 60.0% during the 4th quarter. AMH Equity Ltd now owns 80,000 shares of the company’s stock valued at $1,266,000 after purchasing an additional 30,000 shares during the last quarter. 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.