Insider Selling: Lincoln Educational Services Co. (NASDAQ:LINC) CFO Sells $112,890.96 in Stock

Lincoln Educational Services Co. (NASDAQ:LINC) CFO Brian K. Meyers sold 6,892 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $16.38, for a total transaction of $112,890.96. Following the sale, the chief financial officer now directly owns 266,133 shares of the company’s stock, valued at approximately $4,359,258.54. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lincoln Educational Services Stock Performance

Shares of NASDAQ:LINC opened at $15.19 on Monday. The firm has a fifty day simple moving average of $12.94 and a two-hundred 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. The stock has a market capitalization of $478.18 million, a P/E ratio of 47.47, a PEG 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.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The company had revenue of $114.41 million during the quarter, compared to the consensus estimate 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 in the prior year, the business earned $0.11 earnings per share. On average, analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Gladius Capital Management LP bought a new stake in shares of Lincoln Educational Services during the 2nd quarter worth approximately $33,000. BNP Paribas Financial Markets increased its stake in Lincoln Educational Services by 60.2% in the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock worth $116,000 after purchasing an additional 4,217 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Lincoln Educational Services during the third quarter valued at $121,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Lincoln Educational Services during the second quarter valued at $123,000. Finally, Janus Henderson Group PLC bought a new position in shares of Lincoln Educational Services in the third quarter worth about $144,000. Institutional investors 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.