Penbrook Management LLC Lowers Stock Holdings in Lincoln Educational Services Co. (NASDAQ:LINC)

Penbrook Management LLC lowered its holdings in Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) by 35.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,591 shares of the company's stock after selling 18,940 shares during the quarter. Penbrook Management LLC owned 0.11% of Lincoln Educational Services worth $547,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LINC. Dimensional Fund Advisors LP raised its position in shares of Lincoln Educational Services by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 970,425 shares of the company's stock worth $11,509,000 after acquiring an additional 50,737 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Lincoln Educational Services during the second quarter worth approximately $123,000. SG Americas Securities LLC purchased a new stake in shares of Lincoln Educational Services in the third quarter valued at approximately $121,000. Essex Investment Management Co. LLC raised its stake in shares of Lincoln Educational Services by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 443,739 shares of the company's stock worth $5,298,000 after buying an additional 1,490 shares during the period. Finally, Pullen Investment Management LLC lifted its position in shares of Lincoln Educational Services by 15.3% during the 3rd quarter. Pullen Investment Management LLC now owns 143,950 shares of the company's stock valued at $1,719,000 after buying an additional 19,118 shares in the last quarter. Hedge funds and other institutional investors own 72.23% of the company's stock.

Analysts Set New Price Targets

LINC has been the subject of a number of research analyst reports. Barrington Research upped their price objective on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. StockNews.com lowered shares of Lincoln Educational Services from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Finally, B. Riley boosted their price objective on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.00.

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, CFO Brian K. Meyers sold 6,892 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $16.38, for a total transaction of $112,890.96. Following the completion of the sale, the chief financial officer now owns 266,133 shares of the company's stock, valued at $4,359,258.54. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Plater sold 10,471 shares of Lincoln Educational Services stock in a transaction on Thursday, November 14th. The shares were 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 owns 31,608 shares in the company, 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 a total of 223,002 shares of company stock worth $3,632,824 in the last three months. 16.80% of the stock is owned by corporate insiders.

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC traded down $0.23 during mid-day trading on Monday, reaching $16.10. The company's stock had a trading volume of 54,579 shares, compared to its average volume of 122,534. The stock has a 50-day moving average of $15.81 and a two-hundred day moving average of $13.95. 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 stock has a market capitalization of $506.65 million, a P/E ratio of 50.27, a P/E/G ratio of 1.58 and a beta of 1.43. Lincoln Educational Services Co. has a 1-year low of $9.16 and a 1-year high of $18.74.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last released its 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 business had revenue of $114.41 million during 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. On average, equities research analysts anticipate that Lincoln Educational Services Co. will post 0.54 EPS for the current fiscal year.

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.