Lincoln Educational Services Corp. Stock Price Down 4% on Insider Selling (LINC)
Lincoln Educational Services Corp. (NASDAQ:LINC) dropped 4% during mid-day trading on Monday after an insider sold shares in the company, StockRatingsNetwork.com reports. The stock traded as low as $2.42 and last traded at $2.43, with a volume of 75,348 shares trading hands. The stock had previously closed at $2.53.
Specifically, CFO Cesar Ribeiro sold 54,956 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $2.25, for a total transaction of $123,651.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 $58.6 million.
Lincoln Educational Services Corp. (NASDAQ:LINC) last announced its earnings results on Wednesday, August 6th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, analysts predict that Lincoln Educational Services Corp. will post $-0.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders 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 3.16%. 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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