Lincoln International Inc.’s (NYSE:LCLN) Lock-Up Period Will Expire on November 16th

Lincoln International’s (NYSE:LCLN) lock-up period will end on Monday, November 16th. Lincoln International had issued 21,049,988 shares in its public offering on May 20th. The total size of the offering was $420,999,760 based on an initial share price of $20.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LCLN. Evercore set a $26.00 price target on Lincoln International in a report on Wednesday, August 12th. Weiss Ratings upgraded Lincoln International from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Lincoln International in a report on Friday. Zacks Research lowered Lincoln International from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Finally, 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 research note on Thursday, October 8th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lincoln International currently has a consensus rating of “Hold” and a consensus price target of $27.21.

Lincoln International Price Performance

Shares of LCLN opened at $26.69 on Wednesday. The firm’s fifty day moving average is $24.94. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.76 and a current ratio of 1.76. Lincoln International has a 1-year low of $20.05 and a 1-year high of $28.71.

Lincoln International (NYSE:LCLN) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.07. The firm had revenue of $293.65 million during the quarter. As a group, equities research analysts predict that Lincoln International will post 1.28 EPS for the current fiscal year.

Lincoln International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. Lincoln International’s dividend payout ratio (DPR) is presently 107.69%.

Institutional Trading of Lincoln International

Several institutional investors have recently bought and sold shares of LCLN. State of Alaska Department of Revenue acquired a new stake in Lincoln International in the 3rd quarter valued at $33,000. Russell Investments Group Ltd. purchased a new stake in Lincoln International during the 3rd quarter worth approximately $43,000. Bridgewealth Advisory Group LLC acquired a new position in shares of Lincoln International during the third quarter valued at approximately $427,000. State Street Corp acquired a new position in shares of Lincoln International during the second quarter valued at approximately $436,000. Finally, Readystate Asset Management LP acquired a new position in shares of Lincoln International during the second quarter valued at approximately $716,000.

Lincoln International Company Profile

Lincoln International is an independent global investment banking advisory firm that works with businesses, shareholders and financial sponsors. Its services include mergers and acquisitions advice, capital advisory, valuation and fairness opinions, and restructuring and special situations advisory. Founded in 1996 and headquartered in Chicago, the firm serves clients across the Americas, Europe and Asia through an international network of offices. Its advisory work spans a range of industries and transaction types.