North Star Investment Management Corp. Purchases 22,000 Shares of Lincoln Educational Services Corporation $LINC

North Star Investment Management Corp. raised its position in shares of Lincoln Educational Services Corporation (NASDAQ:LINC) by 18.1% during the third quarter, HoldingsChannel.com reports. The fund owned 143,275 shares of the company’s stock after buying an additional 22,000 shares during the quarter. North Star Investment Management Corp.’s holdings in Lincoln Educational Services were worth $3,367,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Stanley Laman Group Ltd. acquired a new position in shares of Lincoln Educational Services in the 3rd quarter valued at about $49,000. Inspire Investing LLC acquired a new position in Lincoln Educational Services in the third quarter valued at approximately $456,000. Channel Wealth LLC lifted its stake in Lincoln Educational Services by 6.9% in the third quarter. Channel Wealth LLC now owns 37,139 shares of the company’s stock valued at $873,000 after buying an additional 2,405 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Lincoln Educational Services by 1,081.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,681 shares of the company’s stock worth $131,000 after buying an additional 5,200 shares in the last quarter. Finally, Cannell Capital LLC acquired a new stake in shares of Lincoln Educational Services during the 2nd quarter worth approximately $3,812,000. 72.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lincoln Educational Services news, Director Kevin M. Carney sold 13,866 shares of Lincoln Educational Services stock in a transaction on Friday, December 5th. The shares were sold at an average price of $22.18, for a total transaction of $307,547.88. Following the transaction, the director directly owned 24,823 shares of the company’s stock, valued at $550,574.14. The trade was a 35.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LINC shares. Wall Street Zen upgraded shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Barrington Research reissued an “outperform” rating and set a $27.00 price objective on shares of Lincoln Educational Services in a research report on Monday, December 1st. Zacks Research downgraded Lincoln Educational Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lincoln Educational Services in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.40.

Lincoln Educational Services Price Performance

LINC stock opened at $24.55 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 0.81. The business has a 50-day simple moving average of $21.77 and a two-hundred day simple moving average of $21.74. The company has a market capitalization of $776.37 million, a P/E ratio of 54.56, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. Lincoln Educational Services Corporation has a 52-week low of $14.10 and a 52-week high of $25.76.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. The company had revenue of $141.39 million for the quarter, compared to analyst estimates of $129.85 million. Lincoln Educational Services had a return on equity of 12.20% and a net margin of 2.86%. Research analysts expect that Lincoln Educational Services Corporation will post 0.54 EPS for the current fiscal year.

Lincoln Educational Services Company Profile

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.