Lincoln Educational Services Co. (NASDAQ:LINC) Shares Sold by Secure Asset Management LLC

by · The Cerbat Gem

Secure Asset Management LLC lessened its position in shares of Lincoln Educational Services Co. (NASDAQ:LINC – Free Report) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,631 shares of the company’s stock after selling 3,012 shares during the quarter. Secure Asset Management LLC’s holdings in Lincoln Educational Services were worth $581,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gladius Capital Management LP purchased a new stake in Lincoln Educational Services in the second quarter valued at approximately $33,000. BNP Paribas Financial Markets increased its stake in shares of Lincoln Educational Services by 60.2% in the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock worth $116,000 after acquiring an additional 4,217 shares during the period. SG Americas Securities LLC purchased a new position in shares of Lincoln Educational Services during the third quarter worth $121,000. The Manufacturers Life Insurance Company acquired a new position in Lincoln Educational Services during the second quarter valued at $123,000. Finally, Rhumbline Advisers boosted its holdings in Lincoln Educational Services by 36.0% in the second quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock valued at $453,000 after purchasing an additional 10,095 shares during the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LINC has been the subject of a number of recent research reports. StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Barrington Research reissued an “outperform” rating and issued a $16.00 price target on shares of Lincoln Educational Services in a report on Friday, September 20th. Finally, Rosenblatt Securities upped their price objective on Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.75.

Check Out Our Latest Report on LINC

Insider Buying and Selling at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $12.02, for a total transaction of $235,724.22. Following the completion of the sale, the insider now owns 876,410 shares of the company’s stock, valued at $10,534,448.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 40,819 shares of company stock valued at $490,481 over the last ninety days. Corporate insiders own 16.80% of the company’s stock.

Lincoln Educational Services Price Performance

Shares of Lincoln Educational Services stock opened at $12.90 on Friday. The firm has a market cap of $405.63 million, a PE ratio of 15.18, a P/E/G ratio of 1.56 and a beta of 1.42. Lincoln Educational Services Co. has a twelve month low of $7.88 and a twelve month high of $14.52. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $12.12 and a 200 day moving average price of $11.73.

Lincoln Educational Services (NASDAQ:LINC – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. Lincoln Educational Services had a return on equity of 10.38% and a net margin of 1.95%. The business had revenue of $102.91 million during the quarter, compared to analysts’ expectations of $99.60 million. Sell-side analysts predict that Lincoln Educational Services Co. will post 0.51 earnings per share for the current fiscal year.

Lincoln Educational Services Profile

(Free Report)

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.

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