Short Interest in Lincoln Educational Services Corp. Increases By 29.9% (LINC)
Lincoln Educational Services Corp. (NASDAQ:LINC) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 1,437,035 shares, an increase of 29.9% from the April 15th total of 1,105,844 shares, Stock Ratings News reports. Based on an average daily volume of 273,233 shares, the days-to-cover ratio is presently 5.3 days. Approximately 6.6% of the company’s shares are short sold.
LINC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Lincoln Educational Services Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $3.90 price target on the stock.
Shares of Lincoln Educational Services Corp. (NASDAQ:LINC) opened at 4.455 on Tuesday. Lincoln Educational Services Corp. has a 52 week low of $3.53 and a 52 week high of $7.05. The stock’s 50-day moving average is $3. and its 200-day moving average is $4.51. The company’s market cap is $106.9 million.
Lincoln Educational Services Corp. (NASDAQ:LINC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.49) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.56) by $0.07. The company had revenue of $80.00 million for the quarter, compared to the consensus estimate of $78.35 million. During the same quarter in the prior year, the company posted ($0.29) earnings per share. The company’s quarterly revenue was down 11.2% on a year-over-year basis. Analysts expect that Lincoln Educational Services Corp. will post $-0.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date of this dividend is Wednesday, June 11th.
Lincoln Educational Services Corporation is a provider of career-oriented post-secondary education. As of December 31, 2011, it operated 46 campuses in 17 states.
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