Lincoln International Inc. (NYSE:LCLN) Stock Short Interest Jumps 211.7%

Lincoln International Inc. (NYSE:LCLN) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,402,597 shares, a growth of 211.7% from the September 15th total of 770,846 shares. Based on an average trading volume of 1,148,322 shares, the short-interest ratio is presently 2.1 days. Currently, 6.9% of the shares of the stock are short sold.

Institutional Trading of Lincoln International

Hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in Lincoln International in the 2nd quarter worth about $22,029,000. Alyeska Investment Group L.P. bought a new position in Lincoln International in the 2nd quarter valued at $6,326,000. Squarepoint Ops LLC purchased a new position in shares of Lincoln International during the 2nd quarter valued at $813,000. Readystate Asset Management LP purchased a new position in shares of Lincoln International during the 2nd quarter valued at $716,000. Finally, State Street Corp purchased a new position in Lincoln International during the second quarter worth about $436,000.

Lincoln International Stock Down 0.1%

LCLN traded down $0.02 during midday trading on Tuesday, hitting $24.61. The company had a trading volume of 267,865 shares, compared to its average volume of 520,157. The stock’s 50 day simple moving average is $24.64. Lincoln International has a 52 week low of $20.05 and a 52 week high of $27.55. The stock has a market cap of $857.55 million and a P/E ratio of 94.64. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.76.

Lincoln International (NYSE:LCLN) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.12. The business had revenue of $225.69 million during the quarter. Research analysts predict that Lincoln International will post 1.34 EPS for the current year.

Lincoln International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.28 annualized dividend and a yield of 1.1%. Lincoln International’s dividend payout ratio is presently 107.69%.

Analyst Ratings Changes

LCLN has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of Lincoln International from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, October 8th. Citizens Jmp started coverage on Lincoln International in a research note on Monday, June 15th. They issued a “market outperform” rating and a $30.00 price target for the company. Evercore set a $26.00 price objective on Lincoln International in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods boosted their price target on shares of Lincoln International from $24.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, August 10th. Finally, Weiss Ratings started coverage on shares of Lincoln International in a research report on Monday, August 17th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.21.

About Lincoln International

Lincoln International is a global investment banking and financial advisory firm focused primarily on serving middle-market companies, private equity firms and other institutional clients. The firm provides advice on mergers and acquisitions, divestitures, recapitalizations, restructurings and other strategic transactions.

Its services also include capital advisory, private fund advisory, valuation and fairness opinions. Lincoln works with clients across a range of industries and helps them evaluate strategic alternatives, raise financing and assess the value of businesses, securities and other assets.

Founded in 1996 and headquartered in Chicago, Lincoln International serves clients through operations in North America, Europe and Asia.