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

Lincoln Educational Services Co. (NASDAQ:LINC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

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

Lincoln Educational Services Trading Up 0.3 %

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 business’s 50-day moving average price is $10.00 and its two-hundred day moving average price is $9.53. The company has a market capitalization of $313.52 million, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.60 and a beta of 1.34.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results on Monday, February 26th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $102.52 million during the quarter, compared to the consensus estimate of $97.78 million. During the same period in the previous year, the business earned $0.32 earnings per share. Research analysts predict that Lincoln Educational Services Co. will post 0.41 earnings per share for the current year.

Insider Activity

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the completion of the transaction, the insider now directly owns 1,436,631 shares in the company, valued at $14,553,072.03. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the sale, the insider now owns 1,436,631 shares of the company’s stock, valued at $14,553,072.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Chad D. Nyce sold 26,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 583,692 shares of company stock worth $5,858,793. Corporate insiders own 16.80% of the company’s stock.

Institutional Trading of Lincoln Educational Services

Several institutional investors have recently modified their holdings of LINC. Barclays PLC bought a new stake in shares of Lincoln Educational Services in the second quarter worth $33,000. SG Americas Securities LLC bought a new stake in shares of Lincoln Educational Services in the third quarter worth $86,000. Bank of New York Mellon Corp grew its stake in shares of Lincoln Educational Services by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 131,825 shares of the company’s stock worth $1,114,000 after purchasing an additional 1,239 shares during the last quarter. Bailard Inc. grew its stake in shares of Lincoln Educational Services by 39.5% in the third quarter. Bailard Inc. now owns 98,045 shares of the company’s stock worth $828,000 after purchasing an additional 27,771 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Lincoln Educational Services in the third quarter worth $192,000. Institutional investors own 72.23% of the company’s stock.

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.