Lincoln International Inc.’s Lock-Up Period To End Tomorrow (NYSE:LCLN)

Lincoln International’s (NYSE:LCLN) lock-up period will end on Monday, November 16th. Lincoln International had issued 21,049,988 shares in its IPO on May 20th. The total size of the offering was $420,999,760 based on an initial share price of $20.00. After the expiration of Lincoln International’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

Several equities research analysts have weighed in on LCLN shares. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Lincoln International in a research note on Friday, November 6th. Evercore set a $26.00 price target on Lincoln International in a research report on Wednesday, August 12th. Morgan Stanley decreased their price objective on Lincoln International from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, October 8th. Zacks Research cut Lincoln International from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. Finally, Weiss Ratings raised Lincoln International from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.21.

Lincoln International Stock Up 4.3%

LCLN stock opened at $27.27 on Friday. The stock has a 50 day moving average of $25.00. The firm has a market cap of $991.63 million and a PE ratio of 37.87. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. Lincoln International has a 52 week low of $20.05 and a 52 week high of $28.71.

Lincoln International (NYSE:LCLN) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The company had revenue of $293.65 million during the quarter. On average, equities research analysts expect that Lincoln International will post 1.28 earnings per share for the current year.

Lincoln International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, December 1st. Lincoln International’s dividend payout ratio is presently 38.89%.

Hedge Funds Weigh In On Lincoln International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LCLN. First Trust Advisors LP purchased a new stake in Lincoln International during the 3rd quarter valued at about $3,832,000. State Street Corp increased its holdings in shares of Lincoln International by 2,379.1% in the third quarter. State Street Corp now owns 445,000 shares of the company’s stock valued at $10,275,000 after purchasing an additional 427,050 shares during the period. Bridgewealth Advisory Group LLC purchased a new position in shares of Lincoln International in the third quarter worth about $427,000. Russell Investments Group Ltd. purchased a new position in shares of Lincoln International in the third quarter worth about $43,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Lincoln International by 40.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 526,160 shares of the company’s stock worth $12,317,000 after purchasing an additional 152,272 shares during the period.

About Lincoln International

Lincoln International is an independent global investment banking advisory firm that works with businesses, shareholders and financial sponsors. Its services include mergers and acquisitions advice, capital advisory, valuation and fairness opinions, and restructuring and special situations advisory. Founded in 1996 and headquartered in Chicago, the firm serves clients across the Americas, Europe and Asia through an international network of offices. Its advisory work spans a range of industries and transaction types.