Lincoln Educational Services (NASDAQ:LINC) Hits New 52-Week High – Here’s Why

Shares of Lincoln Educational Services Corporation (NASDAQ:LINC) hit a new 52-week high on Tuesday . The stock traded as high as $25.76 and last traded at $20.17, with a volume of 1623192 shares traded. The stock had previously closed at $23.75.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Northland Securities assumed coverage on Lincoln Educational Services in a research note on Thursday, April 24th. They set an “outperform” rating and a $24.00 target price on the stock. Barrington Research boosted their target price on Lincoln Educational Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, May 12th. Lake Street Capital boosted their target price on Lincoln Educational Services from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, May 13th. B. Riley restated a “buy” rating on shares of Lincoln Educational Services in a research note on Tuesday, May 13th. Finally, Northland Capmk upgraded Lincoln Educational Services to a “strong-buy” rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $24.60.

Lincoln Educational Services Trading Down 15.1%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.04. The company has a 50 day simple moving average of $22.73 and a two-hundred day simple moving average of $19.47. The firm has a market cap of $637.17 million, a PE ratio of 51.72, a P/E/G ratio of 2.20 and a beta of 1.50.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The business had revenue of $117.51 million for the quarter, compared to the consensus estimate of $114.55 million. Lincoln Educational Services had a return on equity of 10.88% and a net margin of 2.65%. Analysts expect that Lincoln Educational Services Corporation will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Chad D. Nyce sold 6,200 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $22.93, for a total transaction of $142,166.00. Following the sale, the chief operating officer directly owned 170,209 shares of the company’s stock, valued at $3,902,892.37. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James J. Burke, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $21.42, for a total value of $107,100.00. Following the sale, the director directly owned 82,230 shares in the company, valued at approximately $1,761,366.60. This trade represents a 5.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,200 shares of company stock valued at $1,172,166 over the last ninety days. Company insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Lincoln Educational Services

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Lincoln Educational Services by 1,952.6% in the 1st quarter. GAMMA Investing LLC now owns 11,823 shares of the company’s stock worth $188,000 after purchasing an additional 11,247 shares during the period. Millennium Management LLC acquired a new position in Lincoln Educational Services in the 4th quarter worth about $288,000. Calamos Advisors LLC raised its holdings in Lincoln Educational Services by 19.4% in the 1st quarter. Calamos Advisors LLC now owns 109,369 shares of the company’s stock worth $1,736,000 after purchasing an additional 17,740 shares during the period. North Star Investment Management Corp. raised its holdings in Lincoln Educational Services by 24.0% in the 1st quarter. North Star Investment Management Corp. now owns 106,275 shares of the company’s stock worth $1,687,000 after purchasing an additional 20,575 shares during the period. Finally, Northern Trust Corp raised its holdings in Lincoln Educational Services by 6.7% in the 4th quarter. Northern Trust Corp now owns 236,988 shares of the company’s stock worth $3,749,000 after purchasing an additional 14,877 shares during the period. Institutional investors and hedge funds own 72.23% of the company’s stock.

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.