Lincoln educational services chairman sells shares totaling $1.76 million

In recent transactions disclosed by Lincoln Educational Services Corp (NASDAQ:LINC), Chairman John A. Bartholdson sold a significant amount of company stock. The sales, conducted over three consecutive days, amounted to a total of $1,764,532. The timing of these sales comes as the stock shows impressive performance, with a 55% return over the past year and trading near its current price of $15.22, according to InvestingPro data.

On March 10, Bartholdson sold 19,478 shares at a weighted average price of $15.5190, with prices ranging from $15.45 to $15.62. The following day, March 11, he sold an additional 60,943 shares at an average price of $15.6105, within a range of $15.50 to $15.71. The final sale on March 12 involved 33,019 shares at an average price of $15.4730, with prices ranging from $15.25 to $15.62. These transactions occurred as LINC maintains strong fundamentals with impressive gross profit margins of 58.7% and operates with a moderate level of debt.

These transactions were executed on behalf of Juniper Targeted Opportunities, L.P., where Bartholdson holds an indirect ownership interest. Following these sales, Bartholdson retains ownership of 36,560 shares of Lincoln Educational Services through the same entity. For deeper insights into insider transactions and comprehensive analysis, including 13 additional ProTips and detailed valuation metrics, visit InvestingPro.

In other recent news, Lincoln Educational Services reported stronger-than-expected financial results for the fourth quarter of 2024. The company posted earnings per share of $0.3056, surpassing the forecast of $0.26, and reported revenue of $119.4 million, exceeding the anticipated $111.46 million. For the full year, Lincoln Educational’s revenue grew by 16.4% to $440.1 million, with adjusted EBITDA increasing by 60% year-over-year to $42.3 million. The company ended the year with nearly $60 million in cash and no debt, indicating a strong financial position.

In addition, Rosenblatt Securities adjusted its outlook on Lincoln Educational Services, raising the stock price target from $20.00 to $24.00 and maintaining a Buy rating. The analyst cited Lincoln’s strong execution and favorable industry conditions as factors contributing to its financial success, noting that the stock was trading below its peers’ valuation. Rosenblatt’s revised price target reflects confidence in Lincoln’s ability to align with industry valuation multiples.

Lincoln Educational also announced plans for future expansion, including the launch of a new hybrid teaching model and the opening of new campuses. The company aims to increase its revenue to between $480 million and $490 million in 2025, with adjusted EBITDA projected to be between $55 million and $60 million. These recent developments highlight Lincoln Educational’s strategic growth initiatives and its commitment to expanding its educational offerings.

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