Lincoln Educational Services (NASDAQ:LINC) Shares Cross Above 200 Day Moving Average of $9.45

Lincoln Educational Services Co. (NASDAQ:LINC) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.45 and traded as high as $10.06. Lincoln Educational Services shares last traded at $9.83, with a volume of 58,305 shares.

Wall Street Analyst Weigh In

LINC has been the topic of a number of research analyst reports. Barrington Research reissued an “outperform” rating and issued a $12.00 price target on shares of Lincoln Educational Services in a report on Tuesday, February 13th. Rosenblatt Securities restated a “buy” rating and issued a $13.50 target price on shares of Lincoln Educational Services in a research report on Thursday, March 21st. StockNews.com raised Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Finally, B. Riley restated a “buy” rating and issued a $14.00 price target (up previously from $12.00) on shares of Lincoln Educational Services in a research report on Thursday, March 21st.

Lincoln Educational Services Stock Performance

The firm’s 50 day simple moving average is $10.01 and its 200-day simple moving average is $9.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.79 and a current ratio of 1.83. The company has a market capitalization of $309.15 million, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.65 and a beta of 1.34.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Lincoln Educational Services had a net margin of 6.88% and a return on equity of 9.63%. The business had revenue of $102.52 million during the quarter, compared to analyst estimates of $97.78 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. Analysts expect that Lincoln Educational Services Co. will post 0.41 EPS for the current year.

Insider Buying and Selling

In other news, EVP Chad D. Nyce sold 26,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $10.02, for a total transaction of $260,520.00. Following the sale, the executive vice president now directly owns 154,646 shares of the company’s stock, valued at $1,549,552.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Chad D. Nyce sold 26,000 shares of Lincoln Educational Services stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $10.02, for a total transaction of $260,520.00. Following the transaction, the executive vice president now directly owns 154,646 shares of the company’s stock, valued at $1,549,552.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the sale, the insider now owns 1,436,631 shares in the company, valued at $14,553,072.03. The disclosure for this sale can be found here. Insiders sold 583,692 shares of company stock valued at $5,858,793 over the last quarter. Corporate insiders own 25.70% of the company’s stock.

Institutional Trading of Lincoln Educational Services

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC acquired a new position in shares of Lincoln Educational Services in the 2nd quarter valued at approximately $33,000. California State Teachers Retirement System acquired a new position in Lincoln Educational Services during the 2nd quarter worth approximately $53,000. BNP Paribas Arbitrage SNC acquired a new position in Lincoln Educational Services during the 2nd quarter worth approximately $55,000. Allspring Global Investments Holdings LLC acquired a new position in Lincoln Educational Services during the 3rd quarter worth approximately $65,000. Finally, AJOVista LLC acquired a new position in Lincoln Educational Services during the 4th quarter worth approximately $67,000. Institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Company Profile

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments, Campus Operations and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising licensed practical nurse, registered nurse, dental assistant, medical assistant, medical administrative assistant, and claims examiner; hospitality service and information technology programs, such as culinary, therapeutic massage, cosmetology, aesthetics, and computer systems support technicians.