Pacific Ridge Capital Partners LLC Sells 106,316 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Pacific Ridge Capital Partners LLC lowered its position in Lincoln Educational Services Co. (NASDAQ:LINC) by 22.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 369,573 shares of the company’s stock after selling 106,316 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Lincoln Educational Services were worth $4,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Gladius Capital Management LP bought a new stake in Lincoln Educational Services in the second quarter valued at approximately $33,000. Pullen Investment Management LLC raised its stake in Lincoln Educational Services by 2.4% in the 2nd quarter. Pullen Investment Management LLC now owns 124,832 shares of the company’s stock valued at $1,481,000 after acquiring an additional 2,924 shares during the period. BNP Paribas Financial Markets boosted its position in Lincoln Educational Services by 60.2% during the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock worth $116,000 after purchasing an additional 4,217 shares during the period. Weil Company Inc. increased its holdings in shares of Lincoln Educational Services by 12.3% in the second quarter. Weil Company Inc. now owns 41,125 shares of the company’s stock valued at $488,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Auxier Asset Management increased its holdings in shares of Lincoln Educational Services by 2.1% in the second quarter. Auxier Asset Management now owns 238,324 shares of the company’s stock valued at $2,827,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 72.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LINC. Rosenblatt Securities upped their price target on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 9th. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Barrington Research reissued an “outperform” rating and set a $16.00 price target on shares of Lincoln Educational Services in a report on Friday, September 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lincoln Educational Services presently has an average rating of “Moderate Buy” and a consensus price target of $15.75.

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC opened at $11.98 on Friday. The business has a fifty day moving average price of $12.45 and a two-hundred day moving average price of $11.53. The stock has a market capitalization of $376.70 million, a PE ratio of 14.09, a P/E/G ratio of 1.61 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.75. Lincoln Educational Services Co. has a fifty-two week low of $7.88 and a fifty-two week high of $14.52.

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

Insiders Place Their Bets

In other news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $12.04, for a total transaction of $27,330.80. Following the completion of the transaction, the insider now owns 874,140 shares of the company’s stock, valued at approximately $10,524,645.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 40,819 shares of company stock worth $490,481 over the last three months. Insiders own 16.80% of the company’s stock.

Lincoln Educational Services 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.