Lincoln Educational Services Corporation (NASDAQ:LINC) released its quarterly earnings results on Monday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.03, MarketWatch Earnings reports. Lincoln Educational Services Corporation had a negative return on equity of 24.26% and a negative net margin of 16.19%. The firm had revenue of $61.90 million for the quarter, compared to the consensus estimate of $62.48 million. During the same quarter in the previous year, the business posted ($0.13) EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year.
Lincoln Educational Services Corporation (NASDAQ LINC) traded up 7.93% on Friday, reaching $3.13. 50,091 shares of the company’s stock traded hands. The firm’s 50-day moving average is $3.15 and its 200 day moving average is $2.83. Lincoln Educational Services Corporation has a 12 month low of $1.56 and a 12 month high of $3.74. The firm’s market cap is $77.37 million.
In other news, insider Deborah M. Ramentol sold 40,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $3.04, for a total transaction of $121,600.00. Following the completion of the sale, the insider now owns 56,769 shares of the company’s stock, valued at $172,577.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Lincoln Educational Services Corporation by 33.4% in the fourth quarter. Renaissance Technologies LLC now owns 567,700 shares of the company’s stock worth $1,090,000 after buying an additional 142,100 shares during the last quarter. Spark Investment Management LLC acquired a new stake in shares of Lincoln Educational Services Corporation during the second quarter worth approximately $109,000. Essex Investment Management Co. LLC acquired a new stake in shares of Lincoln Educational Services Corporation during the second quarter worth approximately $133,000. Dimensional Fund Advisors LP raised its stake in shares of Lincoln Educational Services Corporation by 51.7% in the second quarter. Dimensional Fund Advisors LP now owns 45,695 shares of the company’s stock worth $142,000 after buying an additional 15,568 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Lincoln Educational Services Corporation during the second quarter worth approximately $187,000. 61.45% of the stock is owned by institutional investors.
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Separately, Zacks Investment Research upgraded shares of Lincoln Educational Services Corporation from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a report on Thursday, August 10th.
About Lincoln Educational Services Corporation
Lincoln Educational Services Corporation is a provider of post-secondary education. The Company operates in two segments: Transportation and Skilled Trades, and Transitional. The Transportation and Skilled Trades segment offers academic programs in the disciplines of transportation and skilled trades (automotive, diesel, heating, ventilation and air conditioning (HVAC), welding and manufacturing).
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