Lincoln Educational Services (NASDAQ:LINC) Stock Price Down 6.8% – Here’s Why

Lincoln Educational Services Co. (NASDAQ:LINC)’s share price fell 6.8% during trading on Friday . The stock traded as low as $16.30 and last traded at $16.43. 93,618 shares changed hands during trading, a decline of 25% from the average session volume of 124,676 shares. The stock had previously closed at $17.63.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LINC. B. Riley increased their price objective on Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barrington Research reiterated an “outperform” rating and set a $20.00 price objective on shares of Lincoln Educational Services in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Lincoln Educational Services has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Lincoln Educational Services Price Performance

The company has a market capitalization of $505.88 million, a PE ratio of 49.89, a PEG ratio of 1.74 and a beta of 1.41. The firm has a fifty day moving average of $16.11 and a two-hundred day moving average of $14.31. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17.

Insider Activity at Lincoln Educational Services

In other Lincoln Educational Services news, EVP Chad D. Nyce sold 9,977 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $16.50, for a total value of $164,620.50. Following the completion of the sale, the executive vice president now owns 144,669 shares in the company, valued at approximately $2,387,038.50. This trade represents a 6.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Juniper Investment Company, Ll sold 60,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $16.62, for a total value of $997,200.00. Following the completion of the sale, the insider now owns 605,005 shares of the company’s stock, valued at approximately $10,055,183.10. This trade represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 182,090 shares of company stock worth $2,987,371 in the last ninety days. 16.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. McIlrath & Eck LLC lifted its stake in shares of Lincoln Educational Services by 156.4% in the 4th quarter. McIlrath & Eck LLC now owns 2,267 shares of the company’s stock valued at $36,000 after purchasing an additional 1,383 shares during the period. Occudo Quantitative Strategies LP purchased a new position in shares of Lincoln Educational Services in the 4th quarter valued at approximately $219,000. Morse Asset Management Inc purchased a new position in shares of Lincoln Educational Services in the 4th quarter valued at approximately $101,000. Needham Investment Management LLC lifted its stake in shares of Lincoln Educational Services by 0.8% in the 4th quarter. Needham Investment Management LLC now owns 605,000 shares of the company’s stock valued at $9,571,000 after purchasing an additional 5,000 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Lincoln Educational Services in the 4th quarter valued at approximately $288,000. 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.