North Star Investment Management Corp. increased its stake in shares of Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) by 17.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,275 shares of the company’s stock after purchasing an additional 25,000 shares during the period. North Star Investment Management Corp.’s holdings in Lincoln Educational Services were worth $6,845,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of LINC. AQR Capital Management LLC acquired a new stake in Lincoln Educational Services during the 1st quarter valued at $213,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Lincoln Educational Services by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,657 shares of the company’s stock worth $248,000 after buying an additional 681 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Lincoln Educational Services by 1.9% in the first quarter. Empowered Funds LLC now owns 47,648 shares of the company’s stock worth $756,000 after acquiring an additional 879 shares during the last quarter. Strs Ohio acquired a new position in shares of Lincoln Educational Services in the first quarter worth $48,000. Finally, Legal & General Group Plc lifted its position in shares of Lincoln Educational Services by 156.1% in the second quarter. Legal & General Group Plc now owns 5,740 shares of the company’s stock valued at $132,000 after acquiring an additional 3,499 shares in the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.
Lincoln Educational Services Stock Performance
Lincoln Educational Services stock opened at $49.89 on Monday. The stock has a fifty day moving average price of $46.26 and a 200 day moving average price of $36.37. Lincoln Educational Services Corporation has a 52 week low of $17.29 and a 52 week high of $53.50. The firm has a market capitalization of $1.58 billion, a P/E ratio of 70.27, a PEG ratio of 4.25 and a beta of 0.80. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18.
Insider Activity at Lincoln Educational Services
In other Lincoln Educational Services news, Director James J. Burke, Jr. sold 15,807 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $48.36, for a total transaction of $764,426.52. Following the transaction, the director owned 44,198 shares of the company’s stock, valued at $2,137,415.28. This trade represents a 26.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Meyers sold 40,070 shares of Lincoln Educational Services stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $49.98, for a total transaction of $2,002,698.60. Following the completion of the transaction, the chief financial officer owned 160,712 shares in the company, valued at approximately $8,032,385.76. This trade represents a 19.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,070 shares of company stock valued at $4,617,457 over the last three months. Insiders own 12.80% of the company’s stock.
Wall Street Analysts Forecast Growth
LINC has been the topic of a number of recent research reports. Northland Securities set a $60.00 target price on shares of Lincoln Educational Services in a report on Thursday, May 28th. Lake Street Capital reiterated a “buy” rating and set a $55.00 price target on shares of Lincoln Educational Services in a report on Tuesday, May 12th. Barrington Research boosted their price objective on shares of Lincoln Educational Services from $45.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Rosenblatt Securities reissued a “buy” rating and set a $60.00 price objective on shares of Lincoln Educational Services in a research note on Thursday, June 11th. Finally, B. Riley Financial raised their target price on shares of Lincoln Educational Services from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Lincoln Educational Services presently has an average rating of “Moderate Buy” and an average target price of $54.17.
Check Out Our Latest Stock Report on Lincoln Educational Services
Lincoln Educational Services Profile
Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.
The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.
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