Lincoln Educational Services Corp (LINC) Sees Significant Drop in Short Interest

Lincoln Educational Services Corp (NASDAQ:LINC) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 36,073 shares, a decline of 5.7% from the February 28th total of 38,255 shares. Based on an average trading volume of 102,952 shares, the short-interest ratio is presently 0.4 days.

Hedge funds have recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC boosted its stake in Lincoln Educational Services Corp by 2.9% in the third quarter. Nantahala Capital Management LLC now owns 2,263,899 shares of the company’s stock valued at $4,981,000 after buying an additional 63,405 shares during the period. Renaissance Technologies LLC boosted its stake in Lincoln Educational Services Corp by 33.4% in the fourth quarter. Renaissance Technologies LLC now owns 567,700 shares of the company’s stock valued at $1,090,000 after buying an additional 142,100 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in Lincoln Educational Services Corp during the fourth quarter valued at $376,000. Institutional investors and hedge funds own 55.69% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Lincoln Educational Services Corp from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 4th.

Lincoln Educational Services Corp (NASDAQ:LINC) traded down 1.07% during trading on Thursday, reaching $2.77. 17,528 shares of the company traded hands. Lincoln Educational Services Corp has a 52 week low of $1.30 and a 52 week high of $3.11. The company’s 50-day moving average price is $2.48 and its 200 day moving average price is $2.08. The firm’s market capitalization is $68.47 million.

Lincoln Educational Services Corp (NASDAQ:LINC) last released its quarterly earnings results on Wednesday, March 1st. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. The business had revenue of $50.35 million for the quarter, compared to analysts’ expectations of $47.66 million. Lincoln Educational Services Corp had a negative net margin of 0.61% and a negative return on equity of 6.88%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, equities research analysts expect that Lincoln Educational Services Corp will post ($0.30) EPS for the current year.

TRADEMARK VIOLATION WARNING: “Lincoln Educational Services Corp (LINC) Sees Significant Drop in Short Interest” was first published by sleekmoney and is owned by of sleekmoney. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://sleekmoney.com/lincoln-educational-services-corp-linc-sees-significant-drop-in-short-interest/1739455.html.

About Lincoln Educational Services Corp

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).

5 Day Chart for NASDAQ:LINC

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/lincoln-educational-services-corp-linc-sees-significant-drop-in-short-interest/1739455.html

Receive News & Ratings for Lincoln Educational Services Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Educational Services Corp and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *