Lincoln Educational Services (NASDAQ:LINC) Director Kevin Carney Sells 7,604 Shares of Stock

Lincoln Educational Services Corporation (NASDAQ:LINC) Director Kevin Carney sold 7,604 shares of Lincoln Educational Services stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $22.64, for a total value of $172,154.56. Following the sale, the director directly owned 38,689 shares of the company’s stock, valued at $875,918.96. This trade represents a 16.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lincoln Educational Services Price Performance

Shares of NASDAQ:LINC opened at $22.28 on Friday. Lincoln Educational Services Corporation has a twelve month low of $14.10 and a twelve month high of $25.76. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. The company has a market cap of $704.49 million, a PE ratio of 49.51, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00. The company’s 50 day moving average is $21.26 and its 200 day moving average is $21.58.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.12 by $0.08. The business had revenue of $141.39 million during the quarter, compared to analysts’ expectations of $129.85 million. Lincoln Educational Services had a net margin of 2.86% and a return on equity of 12.20%. On average, sell-side analysts forecast that Lincoln Educational Services Corporation will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LINC shares. Wall Street Zen cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Saturday, November 29th. Zacks Research upgraded Lincoln Educational Services to a “hold” rating in a research report on Friday, August 8th. Barrington Research restated an “outperform” rating and issued a $27.00 price objective on shares of Lincoln Educational Services in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lincoln Educational Services in a report on Wednesday, October 8th. Finally, Rosenblatt Securities lifted their price target on Lincoln Educational Services from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.40.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP purchased a new position in Lincoln Educational Services during the first quarter worth approximately $8,344,000. Cannell Capital LLC lifted its position in Lincoln Educational Services by 248.6% in the third quarter. Cannell Capital LLC now owns 576,505 shares of the company’s stock valued at $13,548,000 after buying an additional 411,111 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in Lincoln Educational Services by 26.1% during the third quarter. Alyeska Investment Group L.P. now owns 1,449,605 shares of the company’s stock worth $34,066,000 after buying an additional 300,000 shares during the period. American Century Companies Inc. increased its position in shares of Lincoln Educational Services by 293.7% during the second quarter. American Century Companies Inc. now owns 389,989 shares of the company’s stock valued at $8,989,000 after acquiring an additional 290,935 shares during the last quarter. Finally, Wasatch Advisors LP increased its position in shares of Lincoln Educational Services by 22.1% during the second quarter. Wasatch Advisors LP now owns 1,115,094 shares of the company’s stock valued at $25,703,000 after acquiring an additional 202,170 shares during the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

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.