Secure Asset Management LLC Has $716,000 Stock Position in Lincoln Educational Services Co. (NASDAQ:LINC)

Secure Asset Management LLC lessened its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,230 shares of the company’s stock after selling 3,401 shares during the quarter. Secure Asset Management LLC owned 0.14% of Lincoln Educational Services worth $716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC raised its position in shares of Lincoln Educational Services by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 443,739 shares of the company’s stock worth $5,298,000 after purchasing an additional 1,490 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Lincoln Educational Services by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company’s stock worth $895,000 after buying an additional 2,545 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Lincoln Educational Services by 10.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,364 shares of the company’s stock valued at $1,258,000 after buying an additional 10,081 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Lincoln Educational Services by 36.0% in the second quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock valued at $453,000 after buying an additional 10,095 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Lincoln Educational Services during the third quarter worth $121,000. 72.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lincoln Educational Services news, CFO Brian K. Meyers sold 8,939 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $15.26, for a total transaction of $136,409.14. Following the transaction, the chief financial officer now owns 233,810 shares of the company’s stock, valued at $3,567,940.60. The trade was a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Juniper Investment Company, Ll sold 7,123 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $16.86, for a total value of $120,093.78. Following the completion of the sale, the insider now directly owns 867,017 shares of the company’s stock, valued at approximately $14,617,906.62. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 223,002 shares of company stock worth $3,632,824. Insiders own 16.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barrington Research boosted 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. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, B. Riley lifted their target price on 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Lincoln Educational Services Trading Down 0.1 %

Lincoln Educational Services stock opened at $16.03 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53. The firm has a 50-day moving average of $15.76 and a 200-day moving average of $13.81. The company has a market cap of $504.62 million, a price-to-earnings ratio of 50.10, a P/E/G ratio of 1.53 and a beta of 1.43. Lincoln Educational Services Co. has a one year low of $8.91 and a one year high of $18.74.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The company had revenue of $114.41 million during the quarter, compared to the consensus estimate of $111.05 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, equities analysts expect that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

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.