Juniper Investment Company, LLC, a major stakeholder in Lincoln Educational Services Corp (NASDAQ:LINC), recently executed a series of stock sales totaling approximately $2.2 million. The transactions, which took place on December 5th, 6th, and 9th, involved the sale of 137,116 shares at prices ranging from $16.1203 to $16.1853 per share. The sales come amid LINC's impressive 71% surge over the past year, with the stock currently trading near its 52-week high of $18.74.
These sales were conducted through Juniper Targeted Opportunities, L.P., a related entity, and resulted in a reduction of Juniper's holdings in Lincoln Educational Services. Following these transactions, Juniper Targeted Opportunities now holds 425,544 shares directly in the $507 million market cap company. According to InvestingPro analysis, LINC is currently trading above its Fair Value, with a P/E ratio of 49.7x.
Juniper Investment Company, led by managing members John A. Bartholdson and Alexis P. Michas, retains indirect ownership through its role as the investment manager of Juniper Targeted Opportunities. The firm has disclosed that it shares voting and dispositive power over these shares with its managing members, although it disclaims beneficial ownership except to the extent of its pecuniary interest. For deeper insights into LINC's valuation and 13 additional ProTips, visit InvestingPro, where you'll find comprehensive analysis in our Pro Research Report.
In other recent news, Lincoln Educational Services, known as Lincoln Tech, has been in the spotlight due to its strong third-quarter performance and ambitious expansion plans. The company reported a 67% increase in adjusted EBITDA and a 21% rise in student starts. In addition, Rosenblatt Securities has raised its price target for Lincoln Tech from $17.00 to $20.00, maintaining a Buy rating on the stock.
The firm's confidence in Lincoln Tech is attributed to the company's strategic initiatives, such as the expansion of its hybrid teaching model and the development of new campuses in Nashville, Philadelphia, Houston, and Long Island. These developments are complemented by corporate partnerships with Hyundai (OTC:HYMTF), Tesla (NASDAQ:TSLA), and Container Maintenance Corporation, which are expected to enhance training programs and revenue.
Furthermore, the company has raised its financial guidance for 2024, projecting revenue between $430 million and $435 million. Lincoln Tech also plans to divest the underperforming Euphoria Institute in Las Vegas to focus more on skilled trades and healthcare. These recent developments and strategic decisions demonstrate Lincoln Tech's commitment to growth and adaptation in response to market demands in the skilled trades education sector.
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