Lincoln Educational Services (NASDAQ:LINC) Coverage Initiated at Northland Securities

Northland Securities began coverage on shares of Lincoln Educational Services (NASDAQ:LINC) in a research note released on Thursday morning, Marketbeat reports. The brokerage issued an outperform rating and a $24.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Rosenblatt Securities lifted their price target on Lincoln Educational Services from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. B. Riley started coverage on shares of Lincoln Educational Services in a report on Friday, March 28th. They issued a “buy” rating and a $23.00 target price for the company. Finally, Barrington Research reissued an “outperform” rating and set a $22.00 price target on shares of Lincoln Educational Services in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $21.60.

Lincoln Educational Services Stock Performance

LINC stock opened at $17.13 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53. Lincoln Educational Services has a 1-year low of $9.81 and a 1-year high of $19.79. The business has a 50-day moving average price of $16.51 and a 200 day moving average price of $15.67. The company has a market capitalization of $541.19 million, a P/E ratio of 53.53, a PEG ratio of 1.70 and a beta of 1.57.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. The firm had revenue of $119.37 million during the quarter, compared to analysts’ expectations of $110.50 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. As a group, equities research analysts forecast that Lincoln Educational Services will post 0.54 EPS for the current fiscal year.

Institutional Trading of Lincoln Educational Services

Large investors have recently bought and sold shares of the stock. McIlrath & Eck LLC lifted its stake in shares of Lincoln Educational Services by 156.4% during the fourth quarter. McIlrath & Eck LLC now owns 2,267 shares of the company’s stock worth $36,000 after buying an additional 1,383 shares during the period. Summit Investment Advisors Inc. raised its stake in Lincoln Educational Services by 39.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company’s stock worth $43,000 after acquiring an additional 775 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Lincoln Educational Services during the 4th quarter worth about $101,000. Aquatic Capital Management LLC purchased a new stake in Lincoln Educational Services during the 4th quarter valued at about $135,000. Finally, Parallel Advisors LLC increased its holdings in shares of Lincoln Educational Services by 20.3% in the first quarter. Parallel Advisors LLC now owns 8,878 shares of the company’s stock valued at $141,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.

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.