Lincoln Educational Services (NASDAQ:LINC) Shares Pass Above Two Hundred Day Moving Average of $9.53

Lincoln Educational Services Co. (NASDAQ:LINC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.53 and traded as high as $9.99. Lincoln Educational Services shares last traded at $9.97, with a volume of 52,244 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently commented on LINC shares. B. Riley restated a “buy” rating and issued a $14.00 price objective (up previously from $12.00) on shares of Lincoln Educational Services in a research report on Thursday, March 21st. StockNews.com raised shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Barrington Research reaffirmed an “outperform” rating and issued a $12.00 target price on shares of Lincoln Educational Services in a research note on Tuesday, February 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $13.50 target price on shares of Lincoln Educational Services in a research note on Thursday, March 21st.

Lincoln Educational Services Stock Performance

The stock has a market capitalization of $317.96 million, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.62 and a beta of 1.34. The company has a current ratio of 1.83, a quick ratio of 1.79 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average is $10.00 and its two-hundred day moving average is $9.55.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $102.52 million during the quarter, compared to the consensus estimate of $97.78 million. During the same period in the prior year, the business posted $0.32 EPS. Analysts expect that Lincoln Educational Services Co. will post 0.41 earnings per share for the current fiscal year.

Insider Transactions at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the completion of the transaction, the insider now directly owns 1,436,631 shares in the company, valued at approximately $14,553,072.03. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Chad D. Nyce sold 26,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $10.02, for a total value of $260,520.00. Following the completion of the sale, the executive vice president now directly owns 154,646 shares in the company, valued at approximately $1,549,552.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the completion of the sale, the insider now owns 1,436,631 shares of the company’s stock, valued at $14,553,072.03. The disclosure for this sale can be found here. Insiders sold a total of 583,692 shares of company stock worth $5,858,793 in the last three months. Insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Lincoln Educational Services

Several hedge funds have recently bought and sold shares of LINC. EAM Investors LLC bought a new position in Lincoln Educational Services in the 3rd quarter valued at about $1,752,000. Pacific Ridge Capital Partners LLC raised its holdings in Lincoln Educational Services by 27.2% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 506,990 shares of the company’s stock valued at $4,284,000 after acquiring an additional 108,550 shares during the period. First Eagle Investment Management LLC raised its holdings in Lincoln Educational Services by 13.9% in the 4th quarter. First Eagle Investment Management LLC now owns 539,776 shares of the company’s stock valued at $5,419,000 after acquiring an additional 65,982 shares during the period. Rice Hall James & Associates LLC raised its holdings in Lincoln Educational Services by 29.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 258,515 shares of the company’s stock valued at $2,670,000 after acquiring an additional 58,369 shares during the period. Finally, Bailard Inc. raised its holdings in Lincoln Educational Services by 39.5% in the 3rd quarter. Bailard Inc. now owns 98,045 shares of the company’s stock valued at $828,000 after acquiring an additional 27,771 shares during the period. 72.23% of the stock is currently owned by institutional investors and hedge funds.

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.