Michael A. Plater Sells 10,471 Shares of Lincoln Educational Services Co. (NASDAQ:LINC) Stock

Lincoln Educational Services Co. (NASDAQ:LINC) Director Michael A. Plater sold 10,471 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.41, for a total value of $161,358.11. Following the sale, the director now directly owns 31,608 shares of the company’s stock, valued at approximately $487,079.28. This represents a 24.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lincoln Educational Services Trading Down 1.5 %

NASDAQ:LINC opened at $15.19 on Friday. The stock’s 50-day moving average is $12.94 and its two-hundred day moving average is $12.31. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.75. The stock has a market cap of $478.18 million, a PE ratio of 47.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. Lincoln Educational Services Co. has a fifty-two week low of $8.78 and a fifty-two week high of $18.74.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings data 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 net margin of 2.33% and a return on equity of 10.60%. The company had revenue of $114.41 million for the quarter, compared to analysts’ expectations of $111.05 million. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, equities research analysts forecast that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LINC has been the topic of several recent analyst reports. B. Riley boosted their price objective on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Rosenblatt Securities raised their price objective on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Barrington Research lifted their price objective on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Hedge Funds Weigh In On Lincoln Educational Services

A number of hedge funds have recently modified their holdings of LINC. Gladius Capital Management LP purchased a new position in Lincoln Educational Services in the second quarter valued at about $33,000. BNP Paribas Financial Markets lifted its holdings in shares of Lincoln Educational Services by 60.2% during the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after buying an additional 4,217 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Lincoln Educational Services in the 3rd quarter valued at approximately $121,000. The Manufacturers Life Insurance Company acquired a new position in Lincoln Educational Services in the second quarter worth approximately $123,000. Finally, Janus Henderson Group PLC bought a new position in Lincoln Educational Services during the third quarter valued at approximately $144,000. 72.23% of the stock is owned by institutional investors and hedge funds.

Lincoln Educational Services Company Profile

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.