James J. Burke, Jr. Sells 10,000 Shares of Lincoln Educational Services Co. (NASDAQ:LINC) Stock

Lincoln Educational Services Co. (NASDAQ:LINC) Director James J. Burke, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $21.40, for a total value of $214,000.00. Following the completion of the transaction, the director now directly owns 87,230 shares of the company’s stock, valued at $1,866,722. This represents a 10.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Lincoln Educational Services Stock Performance

Lincoln Educational Services stock opened at $21.69 on Friday. 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 company has a market capitalization of $685.25 million, a P/E ratio of 67.78, a PEG ratio of 1.70 and a beta of 1.63. The stock’s 50 day moving average is $17.10 and its 200 day moving average is $16.46. Lincoln Educational Services Co. has a twelve month low of $10.06 and a twelve month high of $22.27.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. The company had revenue of $117.51 million for the quarter, compared to the consensus estimate of $114.55 million. On average, equities research analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Lincoln Educational Services

Institutional investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC boosted its stake in Lincoln Educational Services by 156.4% during the 4th quarter. McIlrath & Eck LLC now owns 2,267 shares of the company’s stock valued at $36,000 after purchasing an additional 1,383 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Lincoln Educational Services by 39.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company’s stock valued at $43,000 after purchasing an additional 775 shares during the last quarter. Morse Asset Management Inc purchased a new stake in Lincoln Educational Services during the 4th quarter valued at $101,000. Aquatic Capital Management LLC purchased a new stake in Lincoln Educational Services during the 4th quarter valued at $135,000. Finally, Parallel Advisors LLC boosted its stake in Lincoln Educational Services by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 8,878 shares of the company’s stock valued at $141,000 after purchasing an additional 1,500 shares during the last quarter. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LINC has been the subject of several research reports. Rosenblatt Securities increased their target price on Lincoln Educational Services from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Northland Securities initiated coverage on Lincoln Educational Services in a research report on Thursday, April 24th. They issued an “outperform” rating and a $24.00 target price for the company. Northland Capmk raised Lincoln Educational Services to a “strong-buy” rating in a research report on Thursday, April 24th. B. Riley reissued a “buy” rating on shares of Lincoln Educational Services in a research report on Tuesday. Finally, Barrington Research increased their target price on Lincoln Educational Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lincoln Educational Services has an average rating of “Buy” and a consensus target price of $24.60.

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.