Pacific Ridge Capital Partners LLC boosted its holdings in Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) by 33.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 312,569 shares of the company’s stock after purchasing an additional 77,680 shares during the quarter. Lincoln Educational Services makes up approximately 1.6% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 21st largest holding. Pacific Ridge Capital Partners LLC’s holdings in Lincoln Educational Services were worth $7,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of LINC. American Century Companies Inc. lifted its holdings in shares of Lincoln Educational Services by 293.7% in the second quarter. American Century Companies Inc. now owns 389,989 shares of the company’s stock worth $8,989,000 after buying an additional 290,935 shares in the last quarter. Wasatch Advisors LP lifted its stake in Lincoln Educational Services by 22.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,115,094 shares of the company’s stock worth $25,703,000 after purchasing an additional 202,170 shares in the last quarter. Cannell Capital LLC bought a new position in shares of Lincoln Educational Services during the 2nd quarter valued at about $3,812,000. SG Capital Management LLC boosted its holdings in shares of Lincoln Educational Services by 894.7% during the 2nd quarter. SG Capital Management LLC now owns 170,556 shares of the company’s stock valued at $3,931,000 after purchasing an additional 153,410 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Lincoln Educational Services by 53.7% during the second quarter. Russell Investments Group Ltd. now owns 354,803 shares of the company’s stock valued at $8,178,000 after purchasing an additional 123,987 shares in the last quarter. Institutional investors own 72.23% of the company’s stock.
Lincoln Educational Services Price Performance
NASDAQ:LINC opened at $34.67 on Thursday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 55.03, a PEG ratio of 3.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.86 and a quick ratio of 0.77. The business has a 50 day simple moving average of $26.62 and a 200-day simple moving average of $22.91. Lincoln Educational Services Corporation has a 1 year low of $14.10 and a 1 year high of $36.42.
Insider Buying and Selling at Lincoln Educational Services
In other news, Director Kevin M. Carney sold 13,866 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $22.18, for a total value of $307,547.88. Following the sale, the director owned 24,823 shares of the company’s stock, valued at approximately $550,574.14. This represents a 35.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 13.60% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Zacks Research downgraded Lincoln Educational Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Griffin Securities set a $38.00 price objective on Lincoln Educational Services in a research note on Tuesday. Barrington Research set a $38.00 target price on Lincoln Educational Services in a research report on Monday. Lake Street Capital raised their target price on shares of Lincoln Educational Services from $26.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Weiss Ratings raised shares of Lincoln Educational Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One equities research 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, the company currently has an average rating of “Buy” and an average price target of $37.33.
View Our Latest Stock Report on LINC
About Lincoln Educational Services
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.
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