Nicholas Investment Partners has taken a significant step by initiating a new position in Lincoln Educational Services Corporation (LINC), acquiring 459,509 shares valued at approximately $14.46 million, according to a recent SEC filing. This move comes as LINC shares have surged 135% over the past year, far outpacing the S&P 500’s 25% gain, reflecting strong investor confidence in the company’s growth trajectory.
The investment underscores Lincoln’s robust performance, with Q1 revenue climbing 22.5% to $144 million and adjusted EBITDA soaring 85% to $15.5 million. The company has reported 14 consecutive quarters of student start growth, with management raising full-year revenue guidance to $600 million. This growth is driven by increasing demand for vocational training in sectors facing labor shortages, positioning Lincoln as a pivotal player in the education market.
For market professionals, this development signals a potential continuation of Lincoln’s upward momentum, driven by its strategic focus on practical skills training and expanding campus infrastructure, making it a noteworthy consideration for growth-oriented portfolios.
Source: fool.com