Lincoln Educational Services Corporation (NASDAQ:LINC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Lincoln Educational is a leading and diversified for-profit provider of a career-oriented post-secondary education headquartered in West Orange, New Jersey. It offers recent high school graduates and working adults degree and diploma programs in four principal areas of study: automotive technology, allied health (which includes programs for medical administrative assistants, medical assistants, pharmacy technicians and massage therapists), skilled trades and business and information technology. “

Lincoln Educational Services Corporation (NASDAQ:LINC) traded down 1.34% during mid-day trading on Friday, reaching $2.94. 8,539 shares of the company were exchanged. The stock’s market capitalization is $70.45 million. The company’s 50 day moving average price is $3.16 and its 200-day moving average price is $2.80. Lincoln Educational Services Corporation has a 12 month low of $1.56 and a 12 month high of $3.74.

Lincoln Educational Services Corporation (NASDAQ:LINC) last announced its earnings results on Monday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.03. The company had revenue of $61.90 million during the quarter, compared to the consensus estimate of $62.48 million. Lincoln Educational Services Corporation had a negative net margin of 16.19% and a negative return on equity of 22.20%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.13) EPS. On average, equities analysts expect that Lincoln Educational Services Corporation will post ($0.51) earnings per share for the current fiscal year.

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In other news, CFO Brian K. Meyers sold 50,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $3.10, for a total transaction of $155,000.00. Following the completion of the transaction, the chief financial officer now owns 169,449 shares in the company, valued at approximately $525,291.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Deborah M. Ramentol sold 40,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $3.04, for a total transaction of $121,600.00. Following the transaction, the insider now owns 56,769 shares of the company’s stock, valued at approximately $172,577.76. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of LINC. Dimensional Fund Advisors LP raised its position in Lincoln Educational Services Corporation by 51.7% in the second quarter. Dimensional Fund Advisors LP now owns 45,695 shares of the company’s stock valued at $142,000 after buying an additional 15,568 shares during the period. Spark Investment Management LLC acquired a new position in Lincoln Educational Services Corporation during the second quarter valued at $109,000. Essex Investment Management Co. LLC acquired a new position in Lincoln Educational Services Corporation during the second quarter valued at $133,000. Finally, Renaissance Technologies LLC raised its position in Lincoln Educational Services Corporation by 13.9% in the first quarter. Renaissance Technologies LLC now owns 646,681 shares of the company’s stock valued at $1,817,000 after buying an additional 78,981 shares during the period. Institutional investors own 62.57% of the company’s stock.

Lincoln Educational Services Corporation Company Profile

Lincoln Educational Services Corporation is a provider of post-secondary education. The Company operates in two segments: Transportation and Skilled Trades, and Transitional. The Transportation and Skilled Trades segment offers academic programs in the disciplines of transportation and skilled trades (automotive, diesel, heating, ventilation and air conditioning (HVAC), welding and manufacturing).

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