Rice Hall James & Associates LLC Sells 61,928 Shares of Lincoln Educational Services Corporation $LINC

Rice Hall James & Associates LLC decreased its position in shares of Lincoln Educational Services Corporation (NASDAQ:LINC) by 32.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,148 shares of the company’s stock after selling 61,928 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.41% of Lincoln Educational Services worth $3,035,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Strs Ohio acquired a new stake in shares of Lincoln Educational Services during the first quarter valued at about $48,000. USA Financial Formulas bought a new position in Lincoln Educational Services in the 2nd quarter valued at approximately $114,000. Raymond James Financial Inc. acquired a new stake in Lincoln Educational Services during the 2nd quarter worth approximately $116,000. Tower Research Capital LLC TRC grew its holdings in Lincoln Educational Services by 1,081.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,681 shares of the company’s stock worth $131,000 after acquiring an additional 5,200 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Lincoln Educational Services by 156.1% during the 2nd quarter. Legal & General Group Plc now owns 5,740 shares of the company’s stock worth $132,000 after acquiring an additional 3,499 shares during the last quarter. Institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Price Performance

LINC stock opened at $24.83 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.21. The firm has a market cap of $785.22 million, a price-to-earnings ratio of 55.18, a PEG ratio of 2.02 and a beta of 1.00. The company’s fifty day simple moving average is $21.61 and its 200 day simple moving average is $21.66. Lincoln Educational Services Corporation has a 12-month low of $14.10 and a 12-month high of $25.76.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The firm had revenue of $141.39 million during the quarter, compared to the consensus estimate of $129.85 million. Lincoln Educational Services had a return on equity of 12.20% and a net margin of 2.86%. On average, analysts expect that Lincoln Educational Services Corporation will post 0.54 earnings per share for the current year.

Insiders Place Their Bets

In other Lincoln Educational Services news, Director Kevin M. Carney sold 13,866 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $22.18, for a total value of $307,547.88. Following the transaction, the director directly owned 24,823 shares of the company’s stock, valued at approximately $550,574.14. The trade was a 35.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LINC. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price target on shares of Lincoln Educational Services in a research note on Monday, December 1st. Wall Street Zen raised Lincoln Educational Services from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lincoln Educational Services in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.40.

Lincoln Educational Services Profile

Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.

The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.