Lincoln Educational Services (NASDAQ:LINC) Shares Down 6.8% – Time to Sell?

Lincoln Educational Services Co. (NASDAQ:LINC) traded down 6.8% during trading on Friday . The stock traded as low as $16.30 and last traded at $16.43. 93,618 shares were traded during mid-day trading, a decline of 25% from the average session volume of 124,676 shares. The stock had previously closed at $17.63.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. B. Riley increased their price objective on Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barrington Research reaffirmed an “outperform” rating and set a $20.00 price target on shares of Lincoln Educational Services in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Lincoln Educational Services Stock Down 8.7 %

The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. The company has a market cap of $506.51 million, a price-to-earnings ratio of 50.28, a P/E/G ratio of 1.70 and a beta of 1.41. The stock has a fifty day moving average price of $16.11 and a two-hundred day moving average price of $14.35.

Insider Transactions at Lincoln Educational Services

In related news, EVP Chad D. Nyce sold 9,977 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $16.50, for a total value of $164,620.50. Following the transaction, the executive vice president now owns 144,669 shares in the company, valued at approximately $2,387,038.50. This trade represents a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Juniper Investment Company, Ll sold 61,289 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $16.19, for a total value of $992,268.91. Following the completion of the transaction, the insider now owns 425,544 shares in the company, valued at $6,889,557.36. The trade was a 12.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,090 shares of company stock valued at $2,987,371. 16.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. McIlrath & Eck LLC increased its position in shares of Lincoln Educational Services by 156.4% in the fourth quarter. McIlrath & Eck LLC now owns 2,267 shares of the company’s stock worth $36,000 after purchasing an additional 1,383 shares during the period. Occudo Quantitative Strategies LP bought a new position in Lincoln Educational Services in the fourth quarter valued at about $219,000. Morse Asset Management Inc bought a new position in Lincoln Educational Services in the fourth quarter valued at about $101,000. Needham Investment Management LLC grew its position in Lincoln Educational Services by 0.8% in the fourth quarter. Needham Investment Management LLC now owns 605,000 shares of the company’s stock valued at $9,571,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Millennium Management LLC bought a new position in Lincoln Educational Services in the fourth quarter valued at about $288,000. Institutional investors own 72.23% of the company’s stock.

About Lincoln Educational Services

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.