AJOVista LLC Invests $67,000 in Lincoln Educational Services Co. (NASDAQ:LINC)

AJOVista LLC acquired a new position in Lincoln Educational Services Co. (NASDAQ:LINC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,672 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC grew its position in shares of Lincoln Educational Services by 27.2% during the third quarter. Pacific Ridge Capital Partners LLC now owns 506,990 shares of the company’s stock worth $4,284,000 after purchasing an additional 108,550 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Lincoln Educational Services by 12.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 473,794 shares of the company’s stock valued at $4,004,000 after buying an additional 51,534 shares in the last quarter. EAM Investors LLC bought a new position in shares of Lincoln Educational Services in the 3rd quarter valued at about $1,752,000. Bank of New York Mellon Corp grew its position in 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 acquiring an additional 1,239 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Lincoln Educational Services by 157.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,251 shares of the company’s stock worth $306,000 after acquiring an additional 22,193 shares during the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lincoln Educational Services news, Director J Barry Morrow sold 5,252 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total value of $52,940.16. Following the sale, the director now directly owns 122,911 shares of the company’s stock, valued at approximately $1,238,942.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Lincoln Educational Services news, Director J Barry Morrow sold 5,252 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total transaction of $52,940.16. Following the completion of the sale, the director now directly owns 122,911 shares in the company, valued at $1,238,942.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Chad D. Nyce sold 26,000 shares of the company’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 of the company’s stock, valued at $1,549,552.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 583,692 shares of company stock worth $5,858,793. 16.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $12.00 target price on shares of Lincoln Educational Services in a report on Tuesday, February 13th. B. Riley restated a “buy” rating and issued a $14.00 price target (up previously from $12.00) on shares of Lincoln Educational Services in a research note on Thursday, March 21st. Rosenblatt Securities reissued a “buy” rating and issued a $13.50 price objective on shares of Lincoln Educational Services in a research note on Monday, April 29th. Finally, StockNews.com upgraded Lincoln Educational Services from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd.

Lincoln Educational Services Stock Performance

Shares of Lincoln Educational Services stock opened at $11.26 on Monday. The firm’s 50 day moving average is $10.11 and its two-hundred day moving average is $9.65. The firm has a market capitalization of $354.13 million, a P/E ratio of 12.90, a P/E/G ratio of 1.80 and a beta of 1.33. Lincoln Educational Services Co. has a 52 week low of $5.70 and a 52 week high of $11.55. The company has a quick ratio of 1.79, a current ratio of 1.83 and a debt-to-equity ratio of 0.10.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results on Monday, February 26th. The company reported $0.32 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $97.78 million. During the same quarter in the prior year, the firm earned $0.32 EPS. Research analysts forecast that Lincoln Educational Services Co. will post 0.41 EPS for the current fiscal year.

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.