Lincoln Educational Services (NASDAQ:LINC) Stock Passes Above Two Hundred Day Moving Average of $9.53

Lincoln Educational Services Co. (NASDAQ:LINC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.53 and traded as high as $9.99. Lincoln Educational Services shares last traded at $9.97, with a volume of 52,244 shares traded.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $14.00 target price (up from $12.00) on shares of Lincoln Educational Services in a research report on Thursday, March 21st. Rosenblatt Securities reissued a “buy” rating and set a $13.50 price objective on shares of Lincoln Educational Services in a research report on Thursday, March 21st. StockNews.com raised shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research report on Saturday, March 2nd. Finally, Barrington Research reissued an “outperform” rating and set a $12.00 price objective on shares of Lincoln Educational Services in a research report on Tuesday, February 13th.

Lincoln Educational Services Stock Up 0.3 %

The company’s 50-day moving average is $10.00 and its 200 day moving average is $9.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.79 and a current ratio of 1.83. The company has a market capitalization of $313.52 million, a PE ratio of 11.59, a P/E/G ratio of 1.60 and a beta of 1.34.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $102.52 million for the quarter, compared to the consensus estimate of $97.78 million. Lincoln Educational Services had a net margin of 6.88% and a return on equity of 9.63%. During the same quarter last year, the firm posted $0.32 EPS. As a group, analysts anticipate that Lincoln Educational Services Co. will post 0.41 EPS for the current year.

Insider Activity

In other news, EVP Chad D. Nyce sold 26,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $10.02, for a total value of $260,520.00. Following the transaction, the executive vice president now owns 154,646 shares in the company, valued at approximately $1,549,552.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $10.13, for a total value of $1,717,966.96. Following the transaction, the insider now owns 1,436,631 shares in the company, valued at approximately $14,553,072.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chad D. Nyce sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $10.02, for a total transaction of $260,520.00. Following the sale, the executive vice president now owns 154,646 shares in the company, valued at approximately $1,549,552.92. The disclosure for this sale can be found here. Insiders have sold a total of 583,692 shares of company stock valued at $5,858,793 in the last 90 days. 16.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lincoln Educational Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LINC. Bank of New York Mellon Corp grew its holdings in Lincoln Educational Services by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 131,825 shares of the company’s stock valued at $1,114,000 after buying an additional 1,239 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Lincoln Educational Services by 31.1% in the fourth quarter. SG Americas Securities LLC now owns 13,410 shares of the company’s stock valued at $135,000 after purchasing an additional 3,182 shares in the last quarter. Barclays PLC purchased a new position in Lincoln Educational Services during the second quarter worth $33,000. AJOVista LLC purchased a new position in Lincoln Educational Services during the fourth quarter worth $67,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Lincoln Educational Services during the third quarter worth $65,000. Institutional investors own 72.23% of the company’s stock.

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.