Lincoln Educational Services Corp. CFO Sells $68,142 in Stock (LINC)
Lincoln Educational Services Corp. (NASDAQ:LINC) CFO Cesar Ribeiro sold 31,402 shares of the stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $2.17, for a total value of $68,142.34. Following the completion of the transaction, the chief financial officer now directly owns 251,419 shares in the company, valued at approximately $545,579. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Lincoln Educational Services Corp. (NASDAQ:LINC) traded up 1.61% on Friday, hitting $2.53. 126,554 shares of the company’s stock traded hands. 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 $3.57 and its 200-day moving average is $3.92. 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) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.20) earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Analysts expect that Lincoln Educational Services Corp. will post $-0.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Friday, September 12th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend 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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