Lincoln Educational Services Co. (NASDAQ:LINC) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 31.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,410 shares of the company’s stock after purchasing an additional 3,182 shares during the period. SG Americas Securities LLC’s holdings in Lincoln Educational Services were worth $135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LINC. Barclays PLC acquired a new position in shares of Lincoln Educational Services in the second quarter worth about $33,000. California State Teachers Retirement System acquired a new position in shares of Lincoln Educational Services in the second quarter worth about $53,000. BNP Paribas Arbitrage SNC purchased a new stake in shares of Lincoln Educational Services during the second quarter worth about $55,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Lincoln Educational Services during the third quarter worth about $65,000. Finally, Wells Fargo & Company MN increased its stake in shares of Lincoln Educational Services by 740.3% during the second quarter. Wells Fargo & Company MN now owns 10,058 shares of the company’s stock worth $68,000 after purchasing an additional 8,861 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lincoln Educational Services news, EVP Chad D. Nyce sold 26,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $10.02, for a total transaction of $260,520.00. Following the sale, the executive vice president now directly owns 154,646 shares in the company, valued at approximately $1,549,552.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Lincoln Educational Services news, EVP Chad D. Nyce sold 26,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $10.02, for a total value of $260,520.00. Following the sale, the executive vice president now directly owns 154,646 shares of the company’s stock, valued at approximately $1,549,552.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Juniper Investment Company, Ll sold 286,997 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $9.97, for a total transaction of $2,861,360.09. Following the completion of the sale, the insider now directly owns 996,811 shares in the company, valued at $9,938,205.67. The disclosure for this sale can be found here. Insiders have sold a total of 583,692 shares of company stock worth $5,858,793 in the last ninety days. 16.80% of the stock is owned by corporate insiders.

Lincoln Educational Services Stock Performance

NASDAQ:LINC opened at $9.69 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.83 and a quick ratio of 1.79. The firm has a market capitalization of $304.75 million, a price-to-earnings ratio of 11.27, a PEG ratio of 1.59 and a beta of 1.34. The company’s 50-day moving average is $10.03 and its two-hundred day moving average is $9.50. Lincoln Educational Services Co. has a 1-year low of $5.44 and a 1-year high of $10.81.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. Lincoln Educational Services had a net margin of 6.88% and a return on equity of 9.63%. The firm had revenue of $102.52 million for the quarter, compared to analyst estimates of $97.78 million. During the same period in the prior year, the business posted $0.32 EPS. Analysts forecast that Lincoln Educational Services Co. will post 0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.