Readystate Asset Management LP Makes New Investment in Lincoln International Inc. $LCLN

Readystate Asset Management LP bought a new position in shares of Lincoln International Inc. (NYSE:LCLN) during the second quarter, Holdings Channel.com reports. The fund bought 30,000 shares of the company’s stock, valued at approximately $716,000.

Separately, Alyeska Investment Group L.P. acquired a new position in Lincoln International during the second quarter worth approximately $6,326,000.

Lincoln International Trading Up 0.1%

Shares of LCLN stock opened at $27.22 on Tuesday. The company has a 50 day moving average of $23.54. Lincoln International Inc. has a twelve month low of $20.05 and a twelve month high of $27.55.

Lincoln International (NYSE:LCLN) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.14 by $0.12. The company had revenue of $225.69 million for the quarter. On average, equities analysts expect that Lincoln International Inc. will post 1.4 EPS for the current year.

Lincoln International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.0%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BMO Capital Markets started coverage on Lincoln International in a report on Monday, June 15th. They issued a “market perform” rating and a $26.00 price objective for the company. Citizens Jmp assumed coverage on shares of Lincoln International in a research report on Monday, June 15th. They issued a “market outperform” rating and a $30.00 price target for the company. Wall Street Zen upgraded shares of Lincoln International to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings started coverage on shares of Lincoln International in a research report on Monday, August 17th. They set a “sell (e)” rating on the stock. Finally, Morgan Stanley set a $28.00 price objective on shares of Lincoln International in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lincoln International currently has a consensus rating of “Hold” and an average price target of $27.36.

Lincoln International Profile

We are a global independent investment banking advisory firm focused on the private capital markets. As a leader in advising private equity and private credit investors, private company business owners and other senior executives, our globally integrated platform allows us to deliver comprehensive, sector-focused advisory services to clients across key areas of the economy. Our experienced professionals provide meaningful and differentiated private capital markets expertise across our two segments, Investment Banking Advisory and Valuations and Opinions: Investment Banking Advisory Valuations and Opinions Mergers & Acquisitions Capital Advisory Private Funds Advisory Other Services •Sell-Sides •Debt Advisory •Continuation Vehicles •Strategic Consulting •Portfolio Valuations •Buy-Sides •Special Situations & •Single Asset and •Executive Peer Networks •Transaction Opinions & •Add-ons Restructuring Co-Investment Vehicles •Agency Member Network Board Advisory •Growth Capital & •Primary Funds •Disputes Advisory Minority Equity Since our founding in 1996, we have experienced significant growth achieved through investments in our talent, our platform, the complementary capabilities we offer—including our growing, recurring, and non-cyclical valuations business—and the strategic positioning of the firm.