Pullen Investment Management LLC Raises Holdings in Lincoln Educational Services Corporation $LINC

Pullen Investment Management LLC raised its stake in shares of Lincoln Educational Services Corporation (NASDAQ:LINC) by 16.2% during the third quarter, HoldingsChannel reports. The firm owned 184,148 shares of the company’s stock after buying an additional 25,617 shares during the quarter. Lincoln Educational Services comprises 2.3% of Pullen Investment Management LLC’s holdings, making the stock its 8th largest position. Pullen Investment Management LLC’s holdings in Lincoln Educational Services were worth $4,327,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wasatch Advisors LP raised its holdings in Lincoln Educational Services by 22.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,115,094 shares of the company’s stock valued at $25,703,000 after buying an additional 202,170 shares during the period. Geode Capital Management LLC raised its stake in shares of Lincoln Educational Services by 11.0% in the second quarter. Geode Capital Management LLC now owns 728,506 shares of the company’s stock valued at $16,795,000 after acquiring an additional 71,973 shares during the period. American Century Companies Inc. raised its stake in shares of Lincoln Educational Services by 293.7% in the second quarter. American Century Companies Inc. now owns 389,989 shares of the company’s stock valued at $8,989,000 after acquiring an additional 290,935 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Lincoln Educational Services by 53.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 354,803 shares of the company’s stock worth $8,178,000 after acquiring an additional 123,987 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Lincoln Educational Services by 13.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 352,358 shares of the company’s stock worth $8,122,000 after purchasing an additional 40,736 shares during the period. Institutional investors own 72.23% of the company’s stock.

Insiders Place Their Bets

In other Lincoln Educational Services news, Director Kevin M. Carney sold 13,866 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $22.18, for a total transaction of $307,547.88. Following the transaction, the director directly owned 24,823 shares in the company, valued at $550,574.14. This represents a 35.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on LINC. Northland Securities set a $28.00 price objective on shares of Lincoln Educational Services in a research note on Wednesday, January 7th. Barrington Research reissued an “outperform” rating and set a $27.00 price target on shares of Lincoln Educational Services in a research note on Monday, December 1st. Wall Street Zen upgraded Lincoln Educational Services from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Zacks Research upgraded Lincoln Educational Services from a “strong sell” rating to a “strong-buy” rating in a research note on Monday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Lincoln Educational Services in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $26.20.

Lincoln Educational Services Trading Up 0.8%

LINC opened at $25.16 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $22.34 and its two-hundred day moving average is $21.82. The company has a market capitalization of $795.56 million, a P/E ratio of 55.91, a PEG ratio of 1.98 and a beta of 0.99. Lincoln Educational Services Corporation has a 52 week low of $14.10 and a 52 week high of $25.76.

Lincoln Educational Services (NASDAQ:LINC) last issued its earnings results on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. The business had revenue of $141.39 million during the quarter, compared to analysts’ expectations of $129.85 million. Lincoln Educational Services had a return on equity of 12.20% and a net margin of 2.86%. Analysts forecast that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.

Lincoln Educational Services Company 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.