Lincoln Educational Services (LINC)

Lincoln Technical Institute, Inc. • New England Acquisition LLC • Nashville Acquisition, LLC • Euphoria Acquisition, LLC • LTI Holdings, LLC • NN Acquisition, LLC ...

IRS number

571150621

LINC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$20.00

Low target

$20.00

High target

$20.00

Latest filings (excl ownership)

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EFFECT

Notice of effectiveness

12 Nov 24

Lincoln Educational Services Reports Double Digit Growth in Revenue and Student Starts for the Third Quarter 2024 and Conference Call Today at 10 a.m. Eastern Standard Time

12 Nov 24

8-K

Entry into a Material Definitive Agreement

23 Jul 24

8-K

Departure of Directors or Certain Officers

1 Jul 24

8-K

Submission of Matters to a Vote of Security Holders

6 May 24

Conference Call Today at 10 a.m. ET

6 May 24

DEF 14A

Definitive proxy

3 Apr 24

Transcripts

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LINC

Earnings call transcript

2024 Q3

11 Nov 24

LINC

Earnings call transcript

2024 Q2

8 Aug 24

LINC

Earnings call transcript

2024 Q1

6 May 24

LINC

Earnings call transcript

2023 Q4

26 Feb 24

LINC

Earnings call transcript

2023 Q3

6 Nov 23

LINC

Earnings call transcript

2023 Q2

7 Aug 23

LINC

Earnings call transcript

2023 Q2

7 Aug 23

LINC

Earnings call transcript

2023 Q1

8 May 23

LINC

Earnings call transcript

2022 Q4

27 Feb 23

LINC

Earnings call transcript

2022 Q3

7 Nov 22

Latest ownership filings

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Change in insider ownership

9 Dec 24

Change in insider ownership

4 Dec 24

SC 13D/A

Juniper Investment Company, LLC

2 Dec 24

Change in insider ownership

Notice of proposed sale of securities

25 Nov 24

Change in insider ownership

Notice of proposed sale of securities

19 Nov 24

144

Notice of proposed sale of securities

18 Nov 24

Financial summary

Financial statements Chart LINC financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	53.96 mm	53.96 mm	53.96 mm	53.96 mm	53.96 mm	53.96 mm
Cash burn (monthly)	5.27 mm	1.38 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	14.71 mm	3.86 mm	n/a	n/a	n/a	n/a
Cash remaining	39.25 mm	50.10 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	7.4	36.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

LINC institutional ownership history Ownership history

32.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	58	87	-33.3%
Opened positions	22	25	-12.0%
Closed positions	51	13	+292.3%
Increased positions	13	24	-45.8%
Reduced positions	16	28	-42.9%

13F shares	Current	Prev Q	Change
Total value	92.42 bn	175.72 bn	-47.4%
Total shares	10.19 mm	20.29 mm	-49.8%
Total puts	38.60 k	10.70 k	+260.7%
Total calls	32.00 k	12.30 k	+160.2%
Total put/call ratio	1.2	0.9	+38.7%

Largest owners	Shares	Value	Change
Juniper Investment	3.32 mm	$39.37 bn	NEW
TALANTA Investment	1.57 mm	$0.00	0.0%
Alyeska Investment	676.03 k	$8.02 bn	NEW
Uniplan Investment Counsel	588.05 k	$6.97 mm	-18.3%
RBF Capital	499.07 k	$5.92 bn	0.0%
Wasatch Advisors	465.06 k	$5.52 bn	NEW
STT State Street	427.20 k	$5.07 bn	+15.8%
Pacific Ridge Capital Partners	369.57 k	$4.38 bn	-22.3%
Next Century Growth Investors	331.58 k	$3.93 bn	NEW
Arrowstreet Capital, Limited Partnership	177.17 k	$2.10 mm	-21.2%

Largest transactions	Shares	Bought/sold	Change
Juniper Investment	3.32 mm	+3.32 mm	NEW
Herr Investment	0.00	-2.36 mm	EXIT
Heartland Advisors	0.00	-1.74 mm	EXIT
BLK BlackRock	0.00	-1.66 mm	EXIT
Cannell Capital	0.00	-1.44 mm	EXIT
Vanguard	0.00	-1.34 mm	EXIT
Dimensional Fund Advisors	0.00	-919.69 k	EXIT
Punch & Associates Investment Management	0.00	-839.95 k	EXIT
Alyeska Investment	676.03 k	+676.03 k	NEW
First Eagle Investment Management	0.00	-613.10 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LINC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 Dec 24	Juniper Investment	Common Stock, no par value per share	Sell	Dispose S	Yes	No	16.1853	61,289	991.98 k	425,544
6 Dec 24	Juniper Investment	Common Stock, no par value per share	Sell	Dispose S	Yes	No	16.1308	60,000	967.85 k	486,833
5 Dec 24	Juniper Investment	Common Stock, no par value per share	Sell	Dispose S	Yes	No	16.1203	15,827	255.14 k	546,833
4 Dec 24	Juniper Investment	Common Stock, no par value per share	Sell	Dispose S	Yes	No	16.1671	37,034	598.73 k	562,660
3 Dec 24	Juniper Investment	Common Stock, no par value per share	Sell	Dispose S	Yes	No	16.4522	1,184	19.48 k	599,694
2 Dec 24	Juniper Investment	Common Stock, no par value per share	Sell	Dispose S	Yes	No	16.5118	4,127	68.14 k	600,878
27 Nov 24	Juniper Investment	Common Stock, no par value per share	Sell	Dispose S	Yes	No	16.6177	60,000	997.06 k	605,005
26 Nov 24	Juniper Investment	Common Stock, no par value per share	Sell	Dispose S	Yes	No	16.5002	4,921	81.20 k	665,005
25 Nov 24	Chad D Nyce	Common Stock	Sell	Dispose S	No	No	16.5	9,977	164.62 k	144,669
25 Nov 24	Juniper Investment	Common Stock, no par value per share	Sell	Dispose S	Yes	No	16.5208	34,997	578.18 k	669,926