B. Riley Increases Lincoln Educational Services (NASDAQ:LINC) Price Target to $15.00

Lincoln Educational Services (NASDAQ:LINC) had its target price raised by stock analysts at B. Riley from $14.00 to $15.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 19.52% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $13.50 target price on shares of Lincoln Educational Services in a research report on Monday, April 29th. Barrington Research raised their price target on Lincoln Educational Services from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Monday. Lake Street Capital increased their target price on Lincoln Educational Services from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, StockNews.com upgraded shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Lincoln Educational Services currently has an average rating of “Moderate Buy” and an average price target of $14.38.

Lincoln Educational Services Trading Up 5.5 %

Shares of LINC opened at $12.55 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.79 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $10.23 and a 200 day moving average price of $9.72. Lincoln Educational Services has a 12-month low of $5.70 and a 12-month high of $13.03. The firm has a market capitalization of $394.70 million, a P/E ratio of 14.59, a P/E/G ratio of 1.80 and a beta of 1.33.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results on Monday, February 26th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm had revenue of $102.52 million for the quarter, compared to analyst estimates of $97.78 million. Lincoln Educational Services had a net margin of 6.88% and a return on equity of 9.63%. During the same quarter in the previous year, the company earned $0.32 EPS. Sell-side analysts forecast that Lincoln Educational Services will post 0.41 EPS for the current year.

Insider Activity

In related news, Director J Barry Morrow sold 5,252 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total value of $52,940.16. Following the transaction, the director now owns 122,911 shares of the company’s stock, valued at $1,238,942.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 286,997 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $9.97, for a total value of $2,861,360.09. Following the transaction, the insider now directly owns 996,811 shares in the company, valued at $9,938,205.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Barry Morrow sold 5,252 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $10.08, for a total transaction of $52,940.16. Following the completion of the transaction, the director now owns 122,911 shares of the company’s stock, valued at approximately $1,238,942.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 583,692 shares of company stock worth $5,858,793. 16.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lincoln Educational Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Lincoln Educational Services in the 3rd quarter valued at about $65,000. AJOVista LLC purchased a new position in shares of Lincoln Educational Services during the fourth quarter worth approximately $67,000. SG Americas Securities LLC acquired a new position in shares of Lincoln Educational Services in the 3rd quarter valued at $86,000. New York State Common Retirement Fund raised its position in Lincoln Educational Services by 1,513.5% in the 4th quarter. New York State Common Retirement Fund now owns 8,600 shares of the company’s stock valued at $86,000 after purchasing an additional 8,067 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Lincoln Educational Services by 60.2% during the 1st quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock worth $116,000 after purchasing an additional 4,217 shares during the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

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.