Lincoln Educational Services Co. (NASDAQ:LINC) CFO Sells $136,409.14 in Stock

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 8,939 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $15.26, for a total value of $136,409.14. Following the sale, the chief financial officer now directly owns 233,810 shares in the company, valued at $3,567,940.60. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC opened at $15.19 on Monday. The stock has a market capitalization of $478.18 million, a price-to-earnings ratio of 47.47, a price-to-earnings-growth ratio of 1.88 and a beta of 1.41. Lincoln Educational Services Co. has a 52 week low of $8.78 and a 52 week high of $18.74. The firm has a 50-day simple moving average of $12.94 and a 200-day simple moving average of $12.33. The company has a quick ratio of 1.75, a current ratio of 1.57 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC) last issued its earnings results on Monday, November 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The company had revenue of $114.41 million during the quarter, compared to analysts’ expectations of $111.05 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, equities analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on LINC. B. Riley upped their price objective on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Rosenblatt Securities upped their price objective on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Barrington Research increased their target price on Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lincoln Educational Services has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LINC. Essex Investment Management Co. LLC increased its stake in Lincoln Educational Services by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 443,739 shares of the company’s stock worth $5,298,000 after acquiring an additional 1,490 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Lincoln Educational Services by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company’s stock valued at $895,000 after acquiring an additional 2,545 shares during the period. Gladius Capital Management LP acquired a new position in shares of Lincoln Educational Services in the 2nd quarter worth approximately $33,000. Pullen Investment Management LLC boosted its position in shares of Lincoln Educational Services by 2.4% during the 2nd quarter. Pullen Investment Management LLC now owns 124,832 shares of the company’s stock worth $1,481,000 after purchasing an additional 2,924 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Lincoln Educational Services by 60.2% in the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after purchasing an additional 4,217 shares during the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

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.