Chad D. Nyce Sells 9,977 Shares of Lincoln Educational Services Co. (NASDAQ:LINC) Stock

Lincoln Educational Services Co. (NASDAQ:LINC) EVP Chad D. Nyce sold 9,977 shares of Lincoln Educational Services stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.50, for a total value of $164,620.50. Following the completion of the sale, the executive vice president now directly owns 144,669 shares of the company’s stock, valued at $2,387,038.50. The trade was a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Lincoln Educational Services Trading Up 0.2 %

NASDAQ LINC opened at $16.49 on Friday. Lincoln Educational Services Co. has a 52 week low of $8.78 and a 52 week high of $18.74. The firm has a 50 day moving average of $13.60 and a two-hundred day moving average of $12.57. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $519.11 million, a PE ratio of 51.53, a price-to-earnings-growth ratio of 2.04 and a beta of 1.41.

Lincoln Educational Services (NASDAQ:LINC) last issued its earnings results 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 firm had revenue of $114.41 million for the quarter, compared to analyst estimates of $111.05 million. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, research analysts expect that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Gladius Capital Management LP purchased a new position in Lincoln Educational Services in the second quarter valued at approximately $33,000. SG Americas Securities LLC acquired a new position in shares of Lincoln Educational Services in the 3rd quarter valued at $121,000. The Manufacturers Life Insurance Company purchased a new position in shares of Lincoln Educational Services in the 2nd quarter valued at $123,000. Janus Henderson Group PLC acquired a new stake in Lincoln Educational Services during the 3rd quarter worth $144,000. Finally, Barclays PLC lifted its position in Lincoln Educational Services by 259.0% in the third quarter. Barclays PLC now owns 34,220 shares of the company’s stock valued at $408,000 after acquiring an additional 24,688 shares during the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Rosenblatt Securities lifted their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 9th. B. Riley lifted their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barrington Research upped their target price 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. Finally, StockNews.com cut shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

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.