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 stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $16.38, for a total value of $112,890.96. Following the completion of the transaction, the chief financial officer now owns 266,133 shares of the company’s stock, valued at $4,359,258.54. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Lincoln Educational Services Stock Performance

Shares of LINC stock opened at $15.19 on Friday. 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 Co. has a one year low of $8.78 and a one year high of $18.74. The business’s 50 day simple moving average is $12.94 and its 200 day simple moving average is $12.31. The stock has a market capitalization of $478.18 million, a PE ratio of 47.47, a PEG ratio of 2.01 and a beta of 1.41.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $114.41 million for the quarter, compared to analyst estimates of $111.05 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. During the same quarter last year, the company earned $0.11 earnings per share. As a group, research analysts forecast that Lincoln Educational Services Co. will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LINC. Geode Capital Management LLC grew its stake in Lincoln Educational Services by 1.9% during the third quarter. Geode Capital Management LLC now owns 636,160 shares of the company’s stock worth $7,598,000 after purchasing an additional 11,650 shares during the period. Barclays PLC boosted its holdings in shares of Lincoln Educational Services by 259.0% during the 3rd quarter. Barclays PLC now owns 34,220 shares of the company’s stock worth $408,000 after buying an additional 24,688 shares in the last quarter. Jane Street Group LLC grew its position in shares of Lincoln Educational Services by 63.6% during the 3rd quarter. Jane Street Group LLC now owns 38,367 shares of the company’s stock worth $458,000 after buying an additional 14,913 shares during the period. State Street Corp increased its stake in shares of Lincoln Educational Services by 3.0% in the 3rd quarter. State Street Corp now owns 440,136 shares of the company’s stock valued at $5,255,000 after acquiring an additional 12,938 shares in the last quarter. Finally, Needham Investment Management LLC lifted its position in shares of Lincoln Educational Services by 71.4% during the 3rd quarter. Needham Investment Management LLC now owns 600,000 shares of the company’s stock valued at $7,164,000 after acquiring an additional 250,000 shares during the period. 72.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LINC has been the subject of several recent research reports. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Barrington Research upped their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Rosenblatt Securities raised their price target on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, B. Riley boosted their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lincoln Educational Services presently has a consensus 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.