Heartland Advisors Inc. purchased a new position in shares of Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $4,990,000. Heartland Advisors Inc. owned 0.32% of Lincoln Educational Services as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of LINC. Next Century Growth Investors LLC lifted its holdings in Lincoln Educational Services by 4.1% in the fourth quarter. Next Century Growth Investors LLC now owns 791,271 shares of the company’s stock worth $19,109,000 after purchasing an additional 31,370 shares during the period. North Star Investment Management Corp. increased its stake in Lincoln Educational Services by 17.4% during the 1st quarter. North Star Investment Management Corp. now owns 168,275 shares of the company’s stock valued at $6,845,000 after buying an additional 25,000 shares during the period. MYDA Advisors LLC bought a new stake in shares of Lincoln Educational Services during the 4th quarter worth about $1,452,000. Manatuck Hill Partners LLC raised its position in shares of Lincoln Educational Services by 63.2% during the 4th quarter. Manatuck Hill Partners LLC now owns 180,675 shares of the company’s stock worth $4,363,000 after buying an additional 70,000 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Lincoln Educational Services in the 1st quarter worth approximately $972,000. Institutional investors own 72.23% of the company’s stock.
Lincoln Educational Services Stock Down 1.7%
LINC stock opened at $25.72 on Friday. Lincoln Educational Services Corporation has a 12 month low of $17.29 and a 12 month high of $56.34. The firm has a market cap of $815.84 million, a PE ratio of 35.72, a P/E/G ratio of 2.20 and a beta of 0.83. The firm has a 50 day simple moving average of $43.09 and a 200 day simple moving average of $41.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.92.
Insider Buying and Selling at Lincoln Educational Services
In other news, SVP Alexandra M. Luster sold 18,007 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $44.64, for a total transaction of $803,832.48. Following the completion of the sale, the senior vice president directly owned 82,356 shares of the company’s stock, valued at $3,676,371.84. This represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kevin M. Carney sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $48.00, for a total value of $144,000.00. Following the completion of the transaction, the director owned 25,039 shares of the company’s stock, valued at $1,201,872. This trade represents a 10.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 23,000 shares of company stock valued at $1,047,702. Corporate insiders own 12.80% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Rosenblatt Securities lowered their price objective on shares of Lincoln Educational Services from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings lowered Lincoln Educational Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. B. Riley Financial lifted their price target on Lincoln Educational Services from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Barrington Research set a $50.00 price objective on Lincoln Educational Services in a report on Monday, August 10th. Finally, Northland Securities set a $60.00 target price on Lincoln Educational Services in a research note on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Lincoln Educational Services currently has an average rating of “Moderate Buy” and an average target price of $50.67.
Read Our Latest Report on Lincoln Educational Services
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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