In a recent transaction, Alexis P. Michas, associated with Juniper Investment Company, LLC, and Juniper Targeted Opportunities, LP, reported the sale of shares in Lincoln Educational Services Corp (NASDAQ:LINC). The sales, recorded on May 15 and 16, 2024, amounted to a total value of over $206,581.
The transactions involved the sale of common stock, no par value per share, at prices ranging from $12.00 to $12.10. On May 15, a total of 11,327 shares were sold, with prices per share of $12.10, $12.00, and $12.01. The following day, an additional 5,841 shares were sold at prices of $12.00 and $12.01 per share.
Following these sales, the reporting owner's holdings in the company were adjusted to reflect the reduced number of shares. The disclosed ownership after the transactions indicates a significant number of shares still held indirectly, with footnotes clarifying the nature of the ownership.
The filings provide a detailed look into the share disposals by Michas, who shares voting and dispositive power over the shares held by Juniper Targeted Opportunities and Juniper Fund. However, it is noted that Michas disclaims beneficial ownership of these holdings except to the extent of his pecuniary interest.
Investors and market watchers often look to such filings for insights into the actions of company insiders and significant shareholders. The reported sales by Michas represent a notable change in his investment position with respect to Lincoln Educational Services Corp.
InvestingPro Insights
As investors digest the recent insider transactions at Lincoln Educational Services Corp (NASDAQ:LINC), the latest data from InvestingPro provides a broader context for evaluating the company's current financial health and market performance. With a market capitalization of $370.09 million and a P/E ratio of 13.72, the company appears to be trading at a multiple that reflects its earnings capacity. However, a closer look at the adjusted P/E ratio for the last twelve months as of Q1 2024 reveals a higher valuation at 69.42, suggesting that investors may be expecting higher future earnings growth.
Despite the insider sales, Lincoln Educational Services has shown a strong return over the last year, with a one-year price total return of 82.64%. This performance aligns with the InvestingPro Tip highlighting the company's high return over the last year. Additionally, the company's liquid assets exceed its short-term obligations, which is another positive sign for investors considering the company's financial stability.
The company's revenue growth also stands out, with an 11.65% increase in the last twelve months as of Q1 2024, and an even more impressive quarterly revenue growth of 18.42% for Q1 2024. This growth trajectory may be of particular interest to investors looking for companies with strong revenue performance.
For those seeking more in-depth analysis and additional insights, InvestingPro offers a range of tips to help investors make informed decisions. There are currently 12 additional InvestingPro Tips available for Lincoln Educational Services Corp, which can be accessed at https://www.investing.com/pro/LINC. To enhance your investing strategy, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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