Lincoln Educational chairman John Bartholdson sells $5 million in stock

John A. Bartholdson, Chairman of Lincoln Educational Services Corp (NASDAQ:LINC), has recently sold a significant portion of his holdings in the company. According to the latest SEC Form 4 filing, Bartholdson disposed of 224,038 shares on February 28, 2025, at a weighted average price of $18.0919 per share, with prices ranging from $18.00 to $18.30. The transaction comes as LINC trades near its InvestingPro Fair Value, with the stock showing impressive returns of over 77% in the past year. He further sold an additional 51,506 shares on March 3, 2025, at a price of $18.50 per share. The total sales amount to approximately $5.01 million.

These transactions were conducted through Juniper Targeted Opportunities, L.P., where Bartholdson serves as a managing member alongside Alexis P. Michas. Following these sales, Bartholdson retains direct or indirect ownership of 150,000 shares through Juniper Targeted Opportunities, L.P., and 203,315 shares in his personal capacity.

In other recent news, Lincoln Educational Services reported impressive financial results for the fourth quarter of 2024, with earnings per share (EPS) of $0.3056, surpassing the projected $0.26. The company also exceeded revenue expectations, reporting $119.4 million compared to the anticipated $111.46 million. For the full year, Lincoln Educational Services achieved a 16.4% increase in revenue, reaching $440.1 million, and a 60% year-over-year growth in adjusted EBITDA, amounting to $42.3 million. Rosenblatt Securities recently raised its price target for Lincoln Educational Services from $20.00 to $24.00, maintaining a Buy rating, citing the company’s strong performance and favorable industry conditions. The analyst noted that Lincoln’s shares are undervalued compared to its peers, trading at less than 9 times the expected 2025 earnings before interest, taxes, depreciation, and amortization (EBITDA), while peers trade at 12 times. Lincoln ended the year with nearly $60 million in cash and no debt, and it introduced a new hybrid teaching model aimed at further expansion. The company projects 2025 revenue between $480 million and $490 million, with an expected adjusted EBITDA of $55 million to $60 million. Lincoln Educational Services continues to focus on growth, planning to open new campuses and expand its program offerings.

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