Lincoln Educational Services Corp (NASDAQ:LINC) Short Interest Update

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.

A number of brokerages recently issued reports on LINC. Colliers Secur. assumed coverage on shares of Lincoln Educational Services in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $6.00 target price for the company. Barrington Research boosted their price objective on Lincoln Educational Services from $4.00 to $7.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Zacks Investment Research upgraded shares of Lincoln Educational Services from a “hold” rating to a “strong-buy” rating and set a $7.75 price target on the stock in a research report on Saturday, August 15th. TheStreet lowered shares of Lincoln Educational Services from a “b-” rating to a “c+” rating in a research report on Monday. Finally, Canaccord Genuity initiated coverage on shares of Lincoln Educational Services in a research note on Thursday, September 10th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $6.25.

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.

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