Insider Selling: Cesar Ribeiro Unloads 54,956 Shares of Lincoln Educational Services Corp. Stock (LINC)
Lincoln Educational Services Corp. (NASDAQ:LINC) CFO Cesar Ribeiro sold 54,956 shares of Lincoln Educational Services Corp. stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $2.25, for a total value of $123,651.00. Following the transaction, the chief financial officer now directly owns 251,419 shares of the company’s stock, valued at approximately $565,693. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Lincoln Educational Services Corp. (NASDAQ:LINC) traded up 1.61% during mid-day trading on Friday, hitting $2.53. The stock had a trading volume of 126,554 shares. Lincoln Educational Services Corp. has a 1-year low of $2.08 and a 1-year high of $5.71. The stock’s 50-day moving average is $3.6 and its 200-day moving average is $3.94. The company’s market cap is $57.7 million.
Lincoln Educational Services Corp. (NASDAQ:LINC) last announced its earnings results on Wednesday, August 6th. The company reported ($0.51) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.54) by $0.03. The company had revenue of $77.20 million for the quarter, compared to the consensus estimate of $78.26 million. During the same quarter last year, the company posted ($0.20) earnings per share. Lincoln Educational Services Corp.’s revenue was down 5.5% compared to the same quarter last year. Analysts expect that Lincoln Educational Services Corp. will post $-0.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Wednesday, September 10th.
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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