Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $15.00

Lincoln Educational Services (NASDAQ:LINC) had its price objective raised by B. Riley from $14.00 to $15.00 in a research note published on Tuesday, Benzinga reports. B. Riley currently has a buy rating on the stock.

A number of other analysts also recently issued reports on LINC. Rosenblatt Securities reiterated a buy rating and issued a $13.50 price target on shares of Lincoln Educational Services in a report on Monday, April 29th. Barrington Research boosted their price objective on shares of Lincoln Educational Services from $13.00 to $14.00 and gave the company an outperform rating in a research report on Monday. Lake Street Capital increased their price objective on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the stock a buy rating in a research report on Tuesday. Finally, StockNews.com raised Lincoln Educational Services from a hold rating to a buy rating in a research note on Saturday, March 2nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $14.38.

Lincoln Educational Services Price Performance

LINC opened at $11.90 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.79 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $10.18 and a two-hundred day simple moving average of $9.70. The company has a market cap of $374.26 million, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.33. Lincoln Educational Services has a 12-month low of $5.70 and a 12-month high of $13.03.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.32 EPS for the quarter, topping 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 firm had revenue of $102.52 million during the quarter, compared to analyst estimates of $97.78 million. During the same period in the previous year, the business posted $0.32 earnings per share. Research analysts predict that Lincoln Educational Services will post 0.41 earnings per share for the current fiscal year.

Insider Activity at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was 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 in the company, valued at approximately $14,553,072.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Chad D. Nyce sold 26,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $10.02, for a total value of $260,520.00. Following the completion of the sale, the executive vice president now directly owns 154,646 shares in the company, valued at $1,549,552.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Juniper Investment Company, Ll sold 169,592 shares of Lincoln Educational Services 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 sale, the insider now directly owns 1,436,631 shares in the company, valued at approximately $14,553,072.03. The disclosure for this sale can be found here. Insiders have sold a total of 583,692 shares of company stock valued at $5,858,793 in the last ninety days. Company insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Lincoln Educational Services

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC boosted its stake in Lincoln Educational Services by 8.2% in the first quarter. Empowered Funds LLC now owns 183,078 shares of the company’s stock valued at $1,891,000 after acquiring an additional 13,825 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in Lincoln Educational Services by 1.4% during the 1st quarter. Essex Investment Management Co. LLC now owns 420,360 shares of the company’s stock worth $4,342,000 after buying an additional 5,832 shares during the last quarter. Pullen Investment Management LLC acquired a new position in Lincoln Educational Services during the first quarter worth approximately $1,259,000. BNP Paribas Financial Markets lifted its stake in Lincoln Educational Services by 60.2% in the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after buying an additional 4,217 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its holdings in shares of Lincoln Educational Services by 29.2% in the first quarter. Rice Hall James & Associates LLC now owns 258,515 shares of the company’s stock valued at $2,670,000 after acquiring an additional 58,369 shares during the period. 72.23% of the stock is owned by hedge funds and other institutional investors.

About Lincoln Educational Services

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.