Juniper investment sells Lincoln Educational Services stock worth over $243k

Juniper Investment Company, LLC and its affiliated fund, Juniper Targeted Opportunities, LP, have sold shares of Lincoln Educational Services Corp (NASDAQ:LINC) totaling approximately $243,589. The transactions occurred over a series of three days, with prices ranging from $12.00 to $12.009 per share.

On August 12, 2024, the first sale was executed, involving 1,907 shares at an average price of $12.0020. The following day, an additional 1,348 shares were sold at a flat rate of $12.00 per share. The final and largest transaction took place on August 14, 2024, with 17,031 shares changing hands at an average price of $12.0090.

After these sales, Juniper Targeted Opportunities, LP’s holding in Lincoln Educational Services Corp has decreased, yet the investment manager still maintains a significant stake in the company. The sales represent a portion of the shares owned by Juniper Targeted Opportunities, LP, which is managed by Juniper Investment Company, LLC. The managing members of Juniper Investment Company, John A. Bartholdson and Alexis P. Michas, share voting and dispositive power over the shares held by Juniper Targeted Opportunities.

The disclosed transactions were made public through a Form 4 filing with the Securities and Exchange Commission. The reporting entities have offered to provide further details of the trades to both the issuer and the SEC upon request. The sale of these shares reflects the ongoing adjustments in the investment strategy of Juniper Investment Company, LLC and its affiliated entities.

In other recent news, Lincoln Tech has reported robust growth in its Q2 earnings, with a 16% increase in revenue to $103 million. This was accompanied by a 12.3% rise in student starts, largely due to the exceptional performance of its new East Point campus. The company’s operational efficiency was enhanced by the Lincoln 10.0 hybrid instructional platform, more than doubling the adjusted EBITDA to $6.2 million.

Following these positive developments, Lincoln Tech has raised its full-year financial outlook, aiming for $550 million in revenue and $90 million in adjusted EBITDA by 2027. The company’s growth strategy includes new partnerships, campus expansions, and a focus on replicating successful programs. Despite a delay in the rollout of the Houston campus due to extended building permit approvals, Lincoln Tech remains optimistic about future growth.

The company anticipates strong demand for its programs in skilled trades and healthcare, with positive growth expected in healthcare starts in the second half of the year. Lincoln Tech’s strategic initiatives and commitment to leadership are evident in its ambitious targets and recent Board appointments of Marta Newhart and Anna Cabral. These are the latest developments in Lincoln Tech’s journey to capitalize on the growing demand for career-focused education.

InvestingPro Insights

As investors evaluate the recent sale of shares by Juniper Investment Company, LLC in Lincoln Educational Services Corp (NASDAQ:LINC), it’s important to consider the financial health and market performance of the company. Lincoln Educational Services is currently trading at a high earnings multiple, with a P/E ratio of 44.98 and an adjusted P/E ratio for the last twelve months as of Q2 2024 standing at 43.28. This suggests that the company’s stock is priced at a premium relative to its earnings.

InvestingPro data also shows that Lincoln Educational Services has experienced a revenue growth of 13.6% over the last twelve months as of Q2 2024, indicating a solid upward trajectory in its earnings. Despite concerns about net income expectations for the year, the company’s liquid assets surpass its short-term obligations, providing it with a stable financial cushion. Additionally, Lincoln Educational Services operates with a moderate level of debt, which could be a sign of prudent financial management.

For investors seeking further insights, there are additional InvestingPro Tips available, which could provide a deeper understanding of the company’s valuation metrics and future profitability predictions. For instance, analysts predict that Lincoln Educational Services will be profitable this year, and the company has been profitable over the last twelve months. On a performance basis, the company has delivered a strong return over the last five years. It’s worth noting that Lincoln Educational Services does not pay a dividend to shareholders, which could influence investment decisions for those seeking income-generating stocks.

For those interested in exploring these aspects further, there are 11 additional InvestingPro Tips available for Lincoln Educational Services, which can be accessed at: https://www.investing.com/pro/LINC.

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