Lincoln Educational Services Corp (NASDAQ:LINC) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 235,300 shares, an increase of 20.7% from the August 31st total of 194,900 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 249,100 shares, the short-interest ratio is currently 0.9 days.
LINC stock traded up $0.21 during mid-day trading on Thursday, reaching $5.73. 196,855 shares of the stock traded hands, compared to its average volume of 109,696. Lincoln Educational Services has a 52-week low of $1.60 and a 52-week high of $8.99. The stock’s fifty day moving average is $6.74 and its 200-day moving average is $4.28. The company has a market cap of $145.73 million, a P/E ratio of 17.16, a P/E/G ratio of 2.20 and a beta of 0.72. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.60.
Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.16. Lincoln Educational Services had a net margin of 3.43% and a return on equity of 23.99%. The business had revenue of $62.47 million during the quarter, compared to the consensus estimate of $64.96 million. Equities research analysts expect that Lincoln Educational Services will post 0.21 earnings per share for the current year.
In related news, major shareholder Juniper Investment Company, Ll sold 25,082 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $7.01, for a total value of $175,824.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Barry Morrow sold 7,528 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $6.82, for a total value of $51,340.96. Following the completion of the sale, the director now owns 224,352 shares in the company, valued at $1,530,080.64. The disclosure for this sale can be found here. In the last three months, insiders sold 146,786 shares of company stock worth $1,017,264. Company insiders own 25.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new position in Lincoln Educational Services during the second quarter valued at $39,000. Alyeska Investment Group L.P. boosted its stake in shares of Lincoln Educational Services by 1.8% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,419,980 shares of the company’s stock valued at $5,324,000 after buying an additional 43,835 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Lincoln Educational Services during the 1st quarter valued at $28,000. EAM Investors LLC acquired a new position in shares of Lincoln Educational Services in the second quarter worth $680,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Lincoln Educational Services by 9.4% during the second quarter. Goldman Sachs Group Inc. now owns 61,237 shares of the company’s stock worth $239,000 after acquiring an additional 5,247 shares in the last quarter. 63.41% of the stock is owned by institutional investors and hedge funds.
Lincoln Educational Services Company Profile
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 three segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional.
See Also: Stock Symbols and CUSIP Explained
Receive News & Ratings for Lincoln Educational Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Educational Services and related companies with MarketBeat.com's FREE daily email newsletter.