Manatuck Hill Partners LLC bought a new stake in Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 67,973 shares of the company’s stock, valued at approximately $3,392,000.
Several other hedge funds have also made changes to their positions in the company. Castleark Management LLC acquired a new stake in shares of Lincoln Educational Services during the 2nd quarter worth approximately $8,129,000. Nicholas Investment Partners LP acquired a new position in Lincoln Educational Services in the second quarter valued at approximately $26,544,000. Legal & General Group Plc purchased a new position in Lincoln Educational Services in the second quarter worth approximately $962,000. The Manufacturers Life Insurance Company purchased a new position in Lincoln Educational Services in the second quarter worth approximately $392,000. Finally, Whalen Wealth Management Inc. purchased a new position in Lincoln Educational Services in the second quarter worth approximately $372,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on LINC shares. Rosenblatt Securities reduced their target price on Lincoln Educational Services from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Northland Securities set a $60.00 price target on Lincoln Educational Services in a report on Thursday, May 28th. Lake Street Capital cut their price objective on Lincoln Educational Services from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings lowered shares of Lincoln Educational Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Finally, B. Riley Financial upped their target price on shares of Lincoln Educational Services from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lincoln Educational Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.
Insiders Place Their Bets
In related news, SVP Alexandra M. Luster sold 18,007 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $44.64, for a total value of $803,832.48. Following the sale, the senior vice president owned 82,356 shares in the company, valued at approximately $3,676,371.84. The trade was a 17.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin M. Carney sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.00, for a total value of $144,000.00. Following the completion of the sale, the director owned 25,039 shares in the company, valued at $1,201,872. This represents a 10.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,000 shares of company stock valued at $1,047,702 over the last ninety days. Insiders own 12.80% of the company’s stock.
Lincoln Educational Services Stock Up 2.4%
Lincoln Educational Services stock opened at $25.42 on Wednesday. Lincoln Educational Services Corporation has a fifty-two week low of $17.29 and a fifty-two week high of $56.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.96. The firm has a 50 day moving average price of $42.28 and a 200 day moving average price of $41.16. The company has a market capitalization of $806.32 million, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.12 and a beta of 0.83.
Lincoln Educational Services (NASDAQ:LINC – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter. Lincoln Educational Services had a return on equity of 14.47% and a net margin of 3.99%.The company had revenue of $142.56 million for the quarter, compared to analyst estimates of $139.49 million. Lincoln Educational Services has set its FY 2026 guidance at 0.740-0.830 EPS. Research analysts expect that Lincoln Educational Services Corporation will post 0.78 earnings per share for the current year.
Lincoln Educational Services Profile
Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.
The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.
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