Kevin M. Carney, a director at Lincoln Educational Services Corp. (NASDAQ:LINC), sold 3,000 shares of the company’s common stock on June 10, 2026. The transaction, executed at a price of $48.0 per share, totaled $144,000. The sale comes as Lincoln Educational Services stock trades near $47.43, following a remarkable 119% gain over the past year and a 96% surge year-to-date.
The shares were sold indirectly through the Kevin M. Carney Living Trust. Following this sale, the trust holds 25,039 shares of Lincoln Educational Services common stock. The sale was carried out in connection with Mr. Carney’s financial planning needs.
Two days prior, on June 8, 2026, Mr. Carney transferred 3,216 shares of common stock from his direct ownership to the Kevin M. Carney Living Trust. Mr. Carney and his spouse serve as co-trustees of the trust, and Mr. Carney is the beneficiary. This transfer was a change in the form of beneficial ownership from direct to indirect and did not alter Mr. Carney’s pecuniary interest in the shares.
According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. Investors can access 15 additional InvestingPro Tips for deeper insights into LINC’s valuation and performance metrics.
In other recent news, Lincoln Educational Services reported impressive financial results for the first quarter of 2026, significantly outperforming market expectations. The company announced earnings per share of $0.14, which surpassed the anticipated $0.04, representing a 250% surprise. Additionally, revenue reached $144 million, exceeding the forecasted $135.66 million. These results highlight Lincoln Educational’s strong performance in the early part of the year. The company’s financial achievements have drawn attention from investors and analysts alike. The earnings and revenue figures are crucial indicators of Lincoln Educational’s current financial health. These developments are part of the company’s recent updates and provide insight into its operational success.