FourThought Financial Partners LLC purchased a new stake in Lincoln Educational Services Corporation (NASDAQ:LINC – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,861 shares of the company’s stock, valued at approximately $326,000.
Several other large investors also recently made changes to their positions in LINC. Pacific Ridge Capital Partners LLC grew its stake in shares of Lincoln Educational Services by 33.1% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 312,569 shares of the company’s stock worth $7,345,000 after purchasing an additional 77,680 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Lincoln Educational Services by 3.6% during the third quarter. Vanguard Group Inc. now owns 1,682,345 shares of the company’s stock worth $39,535,000 after buying an additional 58,582 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in Lincoln Educational Services by 3.3% during the third quarter. Essex Investment Management Co. LLC now owns 397,359 shares of the company’s stock worth $9,338,000 after buying an additional 12,807 shares in the last quarter. State of Wyoming acquired a new position in Lincoln Educational Services in the third quarter worth approximately $54,000. Finally, Strs Ohio grew its position in Lincoln Educational Services by 15.8% in the third quarter. Strs Ohio now owns 30,000 shares of the company’s stock worth $705,000 after buying an additional 4,100 shares during the last quarter. Institutional investors own 72.23% of the company’s stock.
Lincoln Educational Services Trading Up 1.5%
NASDAQ:LINC opened at $36.86 on Thursday. The stock has a market cap of $1.17 billion, a PE ratio of 58.51, a price-to-earnings-growth ratio of 3.46 and a beta of 0.92. Lincoln Educational Services Corporation has a fifty-two week low of $14.10 and a fifty-two week high of $37.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.86 and a quick ratio of 0.82. The stock’s 50-day moving average is $28.97 and its two-hundred day moving average is $24.07.
Insiders Place Their Bets
In other Lincoln Educational Services news, Director Sylvia Jean Young sold 7,959 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $35.81, for a total value of $285,011.79. Following the completion of the sale, the director owned 12,697 shares in the company, valued at $454,679.57. This represents a 38.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Plater sold 17,256 shares of Lincoln Educational Services stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $35.73, for a total transaction of $616,556.88. Following the sale, the director directly owned 17,568 shares of the company’s stock, valued at $627,704.64. This trade represents a 49.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 450,215 shares of company stock worth $15,753,319 in the last quarter. 13.60% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on LINC. Weiss Ratings downgraded Lincoln Educational Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 25th. Rosenblatt Securities boosted their target price on Lincoln Educational Services from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Griffin Securities set a $38.00 target price on Lincoln Educational Services in a report on Tuesday, February 24th. Lake Street Capital increased their price target on Lincoln Educational Services from $26.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Finally, Zacks Research cut Lincoln Educational Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.33.
Check Out Our Latest Report on Lincoln Educational Services
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.
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