Empowered Funds LLC Sells 17,286 Shares of Lincoln Educational Services Co. (NASDAQ:LINC)

Empowered Funds LLC lessened its stake in Lincoln Educational Services Co. (NASDAQ:LINC) by 27.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,769 shares of the company’s stock after selling 17,286 shares during the period. Empowered Funds LLC owned 0.15% of Lincoln Educational Services worth $740,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LINC. SG Americas Securities LLC bought a new stake in shares of Lincoln Educational Services during the third quarter worth $121,000. The Manufacturers Life Insurance Company acquired a new stake in Lincoln Educational Services in the second quarter worth about $123,000. Janus Henderson Group PLC acquired a new position in Lincoln Educational Services during the 3rd quarter valued at about $144,000. Barclays PLC boosted its stake in shares of Lincoln Educational Services by 259.0% in the 3rd 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 grew its position in shares of Lincoln Educational Services by 63.6% during the 3rd quarter. Jane Street Group LLC now owns 38,367 shares of the company’s stock worth $458,000 after buying an additional 14,913 shares during the period. Institutional investors and hedge funds own 72.23% of the company’s stock.

Insiders Place Their Bets

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 61,289 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $16.19, for a total value of $992,268.91. Following the sale, the insider now directly owns 425,544 shares in the company, valued at approximately $6,889,557.36. This trade represents a 12.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Chad D. Nyce sold 9,977 shares of the stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 182,090 shares of company stock worth $2,987,371. Company insiders own 16.80% of the company’s stock.

Lincoln Educational Services Price Performance

Shares of LINC stock opened at $17.58 on Tuesday. Lincoln Educational Services Co. has a 52-week low of $9.29 and a 52-week high of $18.74. The stock has a market cap of $553.42 million, a PE ratio of 54.94, a PEG ratio of 1.72 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. The firm’s 50 day moving average price is $16.03 and its two-hundred day moving average price is $14.22.

Wall Street Analysts Forecast Growth

LINC has been the topic of a number of recent research reports. B. Riley raised 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 note on Thursday, November 7th. Barrington Research raised 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 note on Monday, November 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.00.

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.