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

Shares of Lincoln Educational Services Co. (NASDAQ:LINC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

LINC has been the topic of a number of research analyst reports. StockNews.com upgraded Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. B. Riley restated a “buy” rating and set a $14.00 price target (up previously from $12.00) on shares of Lincoln Educational Services in a research note on Thursday, March 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $13.50 target price on shares of Lincoln Educational Services in a research report on Thursday, March 21st. Finally, Barrington Research reiterated an “outperform” rating and issued a $12.00 target price on shares of Lincoln Educational Services in a research report on Tuesday, February 13th.

Lincoln Educational Services Price Performance

The company has a market capitalization of $317.96 million, a price-to-earnings ratio of 11.76, a P/E/G ratio of 1.62 and a beta of 1.34. The stock has a fifty day simple moving average of $10.00 and a 200-day simple moving average of $9.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.83 and a quick ratio of 1.79.

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 company had revenue of $102.52 million during the quarter, compared to the consensus estimate of $97.78 million. Lincoln Educational Services had a return on equity of 9.63% and a net margin of 6.88%. During the same period in the previous year, the company posted $0.32 earnings per share. On average, equities research analysts anticipate that Lincoln Educational Services Co. will post 0.41 EPS for the current year.

Insider Transactions at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 286,997 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $9.97, for a total transaction of $2,861,360.09. Following the completion of the transaction, the insider now directly owns 996,811 shares of the company’s stock, valued at approximately $9,938,205.67. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director J Barry Morrow sold 5,252 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total transaction of $52,940.16. Following the completion of the sale, the director now directly owns 122,911 shares in the company, valued at $1,238,942.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Juniper Investment Company, Ll sold 286,997 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $9.97, for a total value of $2,861,360.09. Following the completion of the sale, the insider now owns 996,811 shares of the company’s stock, valued at $9,938,205.67. The disclosure for this sale can be found here. Insiders sold a total of 583,692 shares of company stock valued at $5,858,793 in the last three months. 16.80% of the stock is currently owned by company insiders.

Institutional Trading of Lincoln Educational Services

Large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its holdings in Lincoln Educational Services by 12.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 473,794 shares of the company’s stock valued at $4,004,000 after buying an additional 51,534 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Lincoln Educational Services by 31.1% during the 4th quarter. SG Americas Securities LLC now owns 13,410 shares of the company’s stock worth $135,000 after purchasing an additional 3,182 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Lincoln Educational Services during the 3rd quarter worth $65,000. Strs Ohio purchased a new position in shares of Lincoln Educational Services during the 3rd quarter worth $192,000. Finally, EAM Investors LLC purchased a new position in shares of Lincoln Educational Services during the 3rd quarter worth $1,752,000. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

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.