Calamos Advisors LLC Purchases 25,560 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Calamos Advisors LLC boosted its position in Lincoln Educational Services Co. (NASDAQ:LINC) by 38.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,629 shares of the company’s stock after purchasing an additional 25,560 shares during the period. Calamos Advisors LLC owned approximately 0.29% of Lincoln Educational Services worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Lincoln Educational Services in the second quarter worth approximately $123,000. SG Americas Securities LLC bought a new position in Lincoln Educational Services in the 3rd quarter valued at $121,000. Essex Investment Management Co. LLC increased its stake in Lincoln Educational Services by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 443,739 shares of the company’s stock worth $5,298,000 after purchasing an additional 1,490 shares during the period. Pullen Investment Management LLC lifted its position in shares of Lincoln Educational Services by 15.3% during the third quarter. Pullen Investment Management LLC now owns 143,950 shares of the company’s stock worth $1,719,000 after purchasing an additional 19,118 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Lincoln Educational Services by 10.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,364 shares of the company’s stock valued at $1,258,000 after purchasing an additional 10,081 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Stock Up 6.1 %

Shares of Lincoln Educational Services stock opened at $17.12 on Wednesday. Lincoln Educational Services Co. has a 1 year low of $9.16 and a 1 year high of $18.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53. The stock has a market cap of $538.94 million, a price-to-earnings ratio of 53.50, a PEG ratio of 1.58 and a beta of 1.41. The firm’s 50-day moving average is $15.82 and its two-hundred day moving average is $14.00.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings data 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). The business had revenue of $114.41 million for the quarter, compared to analysts’ expectations of $111.05 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, research analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Brian K. Meyers sold 6,892 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $16.38, for a total transaction of $112,890.96. Following the sale, the chief financial officer now owns 266,133 shares of the company’s stock, valued at $4,359,258.54. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Plater sold 10,471 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $15.41, for a total transaction of $161,358.11. Following the completion of the transaction, the director now owns 31,608 shares of the company’s stock, valued at $487,079.28. This represents a 24.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,002 shares of company stock worth $3,632,824. 16.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barrington Research raised their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. B. Riley raised their target price 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. Finally, StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Lincoln Educational Services 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.