Lincoln International Inc. (NYSE:LCLN) Stock Short Interest Report for September

Lincoln International Inc. (NYSE:LCLN) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 2,402,597 shares, an increase of 211.7% from the September 15th total of 770,846 shares. Based on an average daily volume of 1,148,322 shares, the days-to-cover ratio is presently 2.1 days. Approximately 6.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

LCLN has been the topic of several recent research reports. Evercore set a $26.00 price target on Lincoln International in a research note on Wednesday, August 12th. Morgan Stanley cut their price target on Lincoln International from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, October 8th. Zacks Research cut Lincoln International from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. Weiss Ratings assumed coverage on Lincoln International in a report on Monday, August 17th. They set a “sell (e)” rating for the company. Finally, Keefe, Bruyette & Woods increased their price objective on Lincoln International from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.21.

Lincoln International Stock Performance

LCLN opened at $24.61 on Wednesday. The firm has a fifty day simple moving average of $24.72. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.76. Lincoln International has a 1-year low of $20.05 and a 1-year high of $27.55.

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

Lincoln International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Lincoln International’s dividend payout ratio (DPR) is 107.69%.

Hedge Funds Weigh In On Lincoln International

A number of institutional investors have recently modified their holdings of LCLN. State Street Corp acquired a new stake in shares of Lincoln International during the 2nd quarter valued at $436,000. Readystate Asset Management LP bought a new stake in Lincoln International during the 2nd quarter worth $716,000. Squarepoint Ops LLC bought a new stake in Lincoln International during the 2nd quarter worth $813,000. Alyeska Investment Group L.P. bought a new stake in Lincoln International during the 2nd quarter worth $6,326,000. Finally, Citadel Advisors LLC acquired a new position in Lincoln International in the 2nd quarter worth about $22,029,000.

Lincoln International Company Profile

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.