Lincoln Educational Services Co. (NASDAQ:LINC) CEO Scott M. Shaw Sells 11,517 Shares

Lincoln Educational Services Co. (NASDAQ:LINC – Get Rating) CEO Scott M. Shaw sold 11,517 shares of Lincoln Educational Services stock in a transaction on Monday, March 13th. The shares were sold at an average price of $5.76, for a total transaction of $66,337.92. Following the completion of the sale, the chief executive officer now owns 1,028,658 shares in the company, valued at approximately $5,925,070.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lincoln Educational Services Trading Up 2.6 %

Shares of Lincoln Educational Services stock opened at $6.01 on Wednesday. The firm has a market capitalization of $189.38 million, a P/E ratio of 16.24, a P/E/G ratio of 1.18 and a beta of 1.07. The business has a fifty day simple moving average of $6.24 and a two-hundred day simple moving average of $6.05. Lincoln Educational Services Co. has a 12 month low of $4.59 and a 12 month high of $7.93.

Lincoln Educational Services (NASDAQ:LINC – Get Rating) last announced its quarterly earnings data on Monday, February 27th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.25 by $0.07. The business had revenue of $91.78 million during the quarter, compared to analyst estimates of $89.86 million. Lincoln Educational Services had a return on equity of 10.66% and a net margin of 3.63%. During the same quarter last year, the firm posted $0.73 earnings per share. Analysts predict that Lincoln Educational Services Co. will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On Lincoln Educational Services

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in Lincoln Educational Services by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 84,070 shares of the company’s stock worth $602,000 after buying an additional 3,306 shares during the last quarter. BlackRock Inc. raised its position in Lincoln Educational Services by 4.3% in the 1st quarter. BlackRock Inc. now owns 543,431 shares of the company’s stock worth $3,885,000 after buying an additional 22,282 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Lincoln Educational Services by 20.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 369,499 shares of the company’s stock worth $2,642,000 after buying an additional 63,887 shares during the last quarter. Vanguard Group Inc. raised its position in Lincoln Educational Services by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 1,424,721 shares of the company’s stock worth $10,186,000 after buying an additional 191,276 shares during the last quarter. Finally, Northern Trust Corp raised its position in Lincoln Educational Services by 6.2% in the 1st quarter. Northern Trust Corp now owns 46,203 shares of the company’s stock worth $330,000 after buying an additional 2,710 shares during the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LINC shares. Barrington Research reiterated an “outperform” rating and issued a $8.50 price target on shares of Lincoln Educational Services in a report on Wednesday, February 22nd. Rosenblatt Securities cut their price target on shares of Lincoln Educational Services from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, February 28th. Finally, StockNews.com cut shares of Lincoln Educational Services from a “strong-buy” rating to a “buy” rating in a report on Monday.

About Lincoln Educational Services

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Lincoln Educational Services Corp. engages in the provision of a career-oriented post-secondary education to recent high school graduates and working adults. It operates through the following segments: Transportation and Skilled Trades, Healthcare and Other Professions, and Corporate. The Transportation and Skilled Trades segment offers academic programs mainly in the disciplines of transportation and skilled trades such as automotive, diesel, heating, ventilation, and air conditioning, welding, and manufacturing.