Rice Hall James & Associates LLC Cuts Stock Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

Rice Hall James & Associates LLC trimmed its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 241,635 shares of the company’s stock after selling 6,979 shares during the period. Rice Hall James & Associates LLC owned 0.77% of Lincoln Educational Services worth $3,823,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Lincoln Educational Services during the third quarter valued at $121,000. Janus Henderson Group PLC bought a new position in Lincoln Educational Services during the third quarter valued at $144,000. Sanctuary Advisors LLC bought a new position in Lincoln Educational Services during the fourth quarter valued at $288,000. Barclays PLC lifted its position in Lincoln Educational Services by 259.0% during the third quarter. Barclays PLC now owns 34,220 shares of the company’s stock valued at $408,000 after purchasing an additional 24,688 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Lincoln Educational Services by 63.6% during the third quarter. Jane Street Group LLC now owns 38,367 shares of the company’s stock valued at $458,000 after purchasing an additional 14,913 shares during the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LINC has been the subject of several research reports. Barrington Research increased their price objective on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. B. Riley increased their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Insider Transactions at Lincoln Educational Services

In related news, major shareholder Juniper Investment Company, Ll sold 61,289 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $16.19, for a total value of $992,268.91. Following the transaction, the insider now owns 425,544 shares of the company’s stock, valued at $6,889,557.36. This trade represents a 12.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Chad D. Nyce sold 9,977 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.50, for a total transaction of $164,620.50. Following the completion of the transaction, the executive vice president now directly owns 144,669 shares in the company, valued at $2,387,038.50. This represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,090 shares of company stock worth $2,987,371. 16.80% of the stock is currently owned by insiders.

Lincoln Educational Services Price Performance

Lincoln Educational Services stock opened at $17.88 on Wednesday. The firm has a 50-day moving average price of $16.03 and a 200-day moving average price of $14.22. The firm has a market capitalization of $562.86 million, a PE ratio of 55.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.41. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. Lincoln Educational Services Co. has a 12-month low of $9.29 and a 12-month high of $18.74.

Lincoln Educational Services 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.