Lincoln Educational Services (NASDAQ:LINC) Earns Buy Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Lincoln Educational Services (NASDAQ:LINC) in a research note released on Monday morning, Benzinga reports. They currently have a $13.50 target price on the stock.

Several other brokerages also recently issued reports on LINC. B. Riley restated a buy rating and set a $14.00 price objective (up from $12.00) on shares of Lincoln Educational Services in a research report on Thursday, March 21st. Barrington Research reissued an outperform rating and set a $12.00 price target on shares of Lincoln Educational Services in a report on Tuesday, February 13th. Finally, StockNews.com upgraded Lincoln Educational Services from a hold rating to a buy rating in a research report on Saturday, March 2nd.

Lincoln Educational Services Stock Performance

LINC opened at $10.75 on Monday. The company has a quick ratio of 1.79, a current ratio of 1.83 and a debt-to-equity ratio of 0.10. The stock has a market cap of $338.09 million, a price-to-earnings ratio of 12.50, a PEG ratio of 1.71 and a beta of 1.34. Lincoln Educational Services has a 12-month low of $5.44 and a 12-month high of $10.95. The business has a 50 day moving average of $10.05 and a 200-day moving average of $9.60.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings data on Monday, February 26th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $102.52 million during the quarter, compared to analysts’ expectations of $97.78 million. Lincoln Educational Services had a net margin of 6.88% and a return on equity of 9.63%. During the same period in the previous year, the business posted $0.32 earnings per share. On average, equities research analysts expect that Lincoln Educational Services will post 0.41 earnings per share for the current year.

Insider Activity at Lincoln Educational Services

In related news, EVP Chad D. Nyce sold 26,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $10.02, for a total transaction of $260,520.00. Following the completion of the sale, the executive vice president now owns 154,646 shares of the company’s stock, valued at $1,549,552.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Lincoln Educational Services news, Director J Barry Morrow sold 5,252 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total transaction of $52,940.16. Following the completion of the sale, the director now directly owns 122,911 shares in the company, valued at $1,238,942.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Chad D. Nyce sold 26,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $10.02, for a total value of $260,520.00. Following the completion of the sale, the executive vice president now directly owns 154,646 shares in the company, valued at approximately $1,549,552.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 583,692 shares of company stock worth $5,858,793. Company insiders own 16.80% of the company’s stock.

Institutional Trading of Lincoln Educational Services

Several large investors have recently bought and sold shares of LINC. Pullen Investment Management LLC bought a new position in shares of Lincoln Educational Services in the first quarter worth about $1,259,000. 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 worth $116,000 after purchasing an additional 4,217 shares in the last quarter. Rice Hall James & Associates LLC raised its position in Lincoln Educational Services by 29.2% in the first quarter. Rice Hall James & Associates LLC now owns 258,515 shares of the company’s stock valued at $2,670,000 after purchasing an additional 58,369 shares during the last quarter. Trexquant Investment LP boosted its stake in shares of Lincoln Educational Services by 91.1% during the fourth quarter. Trexquant Investment LP now owns 53,154 shares of the company’s stock valued at $534,000 after purchasing an additional 25,333 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Lincoln Educational Services by 13.9% during the fourth quarter. First Eagle Investment Management LLC now owns 539,776 shares of the company’s stock worth $5,419,000 after purchasing an additional 65,982 shares during the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.

About Lincoln Educational Services

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.