Empowered Funds LLC Has $765,000 Stock Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

Empowered Funds LLC trimmed its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 52.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,055 shares of the company’s stock after selling 70,741 shares during the period. Empowered Funds LLC owned about 0.20% of Lincoln Educational Services worth $765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Essex Investment Management Co. LLC lifted its stake in 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 valued at $5,298,000 after buying an additional 1,490 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Lincoln Educational Services during the second quarter valued at approximately $33,000. Pullen Investment Management LLC lifted its position in shares of Lincoln Educational Services by 2.4% in the 2nd quarter. Pullen Investment Management LLC now owns 124,832 shares of the company’s stock valued at $1,481,000 after acquiring an additional 2,924 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Lincoln Educational Services by 60.2% in 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 period. Finally, Weil Company Inc. grew its position in Lincoln Educational Services by 12.3% during the 2nd quarter. Weil Company Inc. now owns 41,125 shares of the company’s stock worth $488,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company’s stock.

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, CFO Brian K. Meyers sold 7,487 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $15.32, for a total transaction of $114,700.84. Following the transaction, the chief financial officer now directly owns 226,323 shares in the company, valued at $3,467,268.36. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Plater sold 10,471 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $15.41, for a total value of $161,358.11. Following the completion of the sale, the director now directly owns 31,608 shares of the company’s stock, valued at $487,079.28. This represents a 24.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,912 shares of company stock worth $645,453 over the last ninety days. 16.80% of the stock is currently owned by insiders.

Lincoln Educational Services Price Performance

Shares of NASDAQ:LINC opened at $16.15 on Friday. The firm has a market cap of $508.40 million, a price-to-earnings ratio of 50.47, a P/E/G ratio of 1.93 and a beta of 1.41. Lincoln Educational Services Co. has a 1 year low of $8.78 and a 1 year high of $18.74. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $13.30 and a 200 day simple moving average of $12.46.

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). The firm had revenue of $114.41 million for the quarter, compared to analysts’ expectations of $111.05 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. During the same period last year, the business earned $0.11 earnings per share. As a group, sell-side analysts predict that Lincoln Educational Services Co. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LINC shares. Barrington Research increased their target price on Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 11th. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Rosenblatt Securities lifted their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, B. Riley upped their target price on Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Lincoln Educational Services has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.