Boothbay Fund Management LLC Acquires 46,268 Shares of Lincoln Educational Services Corporation $LINC

Boothbay Fund Management LLC boosted its holdings in shares of Lincoln Educational Services Corporation (NASDAQ:LINC) by 87.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,237 shares of the company’s stock after purchasing an additional 46,268 shares during the period. Boothbay Fund Management LLC owned about 0.31% of Lincoln Educational Services worth $2,332,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Archon Capital Management LLC bought a new position in shares of Lincoln Educational Services during the second quarter valued at approximately $692,000. Pacific Ridge Capital Partners LLC boosted its holdings in Lincoln Educational Services by 33.1% in the third quarter. Pacific Ridge Capital Partners LLC now owns 312,569 shares of the company’s stock valued at $7,345,000 after acquiring an additional 77,680 shares in the last quarter. North Star Investment Management Corp. increased its position in Lincoln Educational Services by 18.1% during the 3rd quarter. North Star Investment Management Corp. now owns 143,275 shares of the company’s stock valued at $3,367,000 after purchasing an additional 22,000 shares during the period. Geode Capital Management LLC raised its holdings in Lincoln Educational Services by 11.0% in the 2nd quarter. Geode Capital Management LLC now owns 728,506 shares of the company’s stock worth $16,795,000 after purchasing an additional 71,973 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Lincoln Educational Services by 53.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 354,803 shares of the company’s stock worth $8,178,000 after purchasing an additional 123,987 shares in the last quarter. Institutional investors own 72.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael A. Plater sold 17,256 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $35.73, for a total transaction of $616,556.88. Following the completion of the transaction, the director owned 17,568 shares of the company’s stock, valued at $627,704.64. This trade represents a 49.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sylvia Jean Young sold 7,959 shares of Lincoln Educational Services stock in a transaction on Friday, March 6th. The shares were sold at an average price of $35.81, for a total value of $285,011.79. Following the transaction, the director owned 12,697 shares of the company’s stock, valued at $454,679.57. The trade was a 38.53% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 458,665 shares of company stock valued at $16,061,744. 16.80% of the stock is owned by company insiders.

Lincoln Educational Services Stock Down 0.9%

Shares of Lincoln Educational Services stock opened at $37.27 on Tuesday. Lincoln Educational Services Corporation has a 1 year low of $14.79 and a 1 year high of $38.27. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 59.16, a PEG ratio of 3.58 and a beta of 0.91. The company has a 50-day moving average of $29.77 and a 200 day moving average of $24.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.86 and a quick ratio of 0.82.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings data on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. Lincoln Educational Services had a net margin of 3.86% and a return on equity of 15.24%. The business had revenue of $142.87 million for the quarter, compared to analysts’ expectations of $131.70 million. Lincoln Educational Services has set its FY 2026 guidance at 0.640-0.740 EPS. As a group, sell-side analysts anticipate that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LINC shares. Northland Securities set a $36.00 target price on shares of Lincoln Educational Services in a research note on Tuesday, February 24th. Lake Street Capital increased their price target on shares of Lincoln Educational Services from $26.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Rosenblatt Securities raised their price objective on shares of Lincoln Educational Services from $27.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Griffin Securities set a $38.00 price objective on Lincoln Educational Services in a research report on Tuesday, February 24th. Finally, B. Riley Financial upped their target price on Lincoln Educational Services from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $37.33.

Lincoln Educational Services Company Profile

Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.

The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.