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

Lincoln Educational Services Price Performance

NASDAQ LINC traded down $0.23 during trading hours on Friday, reaching $15.19. 90,241 shares of the company’s stock were exchanged, compared to its average volume of 109,696. The firm has a fifty day moving average of $12.79 and a 200-day moving average of $12.26. The company has a current ratio of 1.57, a quick ratio of 1.75 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Co. has a one year low of $8.78 and a one year high of $18.74. The stock has a market cap of $478.18 million, a PE ratio of 47.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The company had revenue of $114.41 million for the quarter, compared to the consensus estimate of $111.05 million. During the same period in the prior year, the company earned $0.11 EPS. On average, equities research 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 analysts recently issued reports on LINC shares. B. Riley increased their price target on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barrington Research upped their price target on Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Rosenblatt Securities increased their price objective on Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Needham Investment Management LLC boosted its position in shares of Lincoln Educational Services by 71.4% during the third quarter. Needham Investment Management LLC now owns 600,000 shares of the company’s stock worth $7,164,000 after purchasing an additional 250,000 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Lincoln Educational Services by 25.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock valued at $9,119,000 after acquiring an additional 155,754 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Lincoln Educational Services by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock valued at $13,875,000 after buying an additional 136,334 shares during the last quarter. Herr Investment Group LLC increased its stake in shares of Lincoln Educational Services by 3.9% during the 1st quarter. Herr Investment Group LLC now owns 2,355,737 shares of the company’s stock worth $24,335,000 after purchasing an additional 88,335 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Lincoln Educational Services by 12.6% during the 2nd quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock worth $7,658,000 after acquiring an additional 72,400 shares during the last quarter. Institutional investors and hedge funds 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.