LINC LINCOLN EDUCATIONAL SERVICES CORP
Price Chart
Executive Summary
LINC director James J. Burke sold $764K worth of shares at $48.36 on May 22, and Juniper Investment Company sold $99K at $50.11 on May 15, totaling $864K in open-market sales within 7 days. The filing occurs just 14 days after Lincoln Educational Services entered an $18.8M agreement to acquire its Melrose Park campus — a material real estate transaction that may have informed the director's decision to sell. At a $1.6B market cap, the $864K represents only ~0.05% of market value, well below the 0.1% threshold for materiality, and historical performance on LINC cluster reports shows an 80% win rate at T+20, but this is a single director sale plus an institutional insider sale, not a company-wide cluster.
Key Financial Metrics
Actionable Insight
The dollar amount is too small to be material for a $1.6B company, and the director sale may be tied to the real estate acquisition knowing the stock is at multi-year highs. Neither the C-suite nor the board's chairman sold, limiting informational signal. Watch for any subsequent Form 4 filings from the CEO/CFO or a broader cluster before reading bearishly. The T+20 win rate on prior LINC calls is 80%, but those were mostly neutral reads with score 3 — consistent with routine, non-events.
Key Facts
- Director James J. Burke sold 15,807 shares at $48.36 for total proceeds of $764,426.52 on May 22.
- Juniper Investment Company, LLC sold 2,000 shares at $50.11 for $99K on May 15.
- Total insider selling in cluster window is $864K, which is ~0.05% of LINC's $1.6B market cap.
- The sales follow the May 13 8-K disclosing an $18.8M real estate purchase agreement for the Melrose Park campus.
- 30-day trailing insider activity shows 6 prior sells totaling $6.1M, indicating ongoing portfolio rebalancing.
Financial Impact
$864K total insider selling, ~0.05% of market cap — trivial relative to company size
Risk Factors
- If a larger insider sale cluster emerges from C-suite executives in the coming weeks, it could signal management believes the stock is overvalued post-campus acquisition.
- The real estate purchase adds $18.8M in leverage/deployment risk; if the acquisition closes on June 25 as scheduled, any additional insider selling would be more concerning.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LINC-1779885782455 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
4d ago
|
Insider Cluster
| $48.64 awaiting T+1 | awaiting T+1 | — | $46.45 (+4.50%) |
|
Jun 2, 2026
7d ago
|
Press Release
| $50.07 $50.60 | ▲ +1.06% | ▲ +0.66% | $46.45 (−7.23%) |
|
May 27, 2026
13d ago
|
Insider Cluster
| $48.10 $47.58 | ▼ −1.08% | ▼ −1.63% | $46.45 (−3.43%) |
|
May 19, 2026
22d ago
|
Insider Cluster
| $47.51 $47.43 | ▲ +0.17% | ▲ +1.21% | $46.45 (+2.23%) |
|
May 18, 2026
22d ago
|
Insider Cluster
| $47.51 $47.43 | ▼ −0.17% | ▼ −1.21% | $46.45 (−2.23%) |
|
May 14, 2026
26d ago
|
144
| $50.99 $49.10 | ▼ −3.71% | ▼ −2.48% | $46.45 (−8.90%) |
|
May 13, 2026
27d ago
|
8-K
| $50.99 $49.10 | ▼ −3.71% | ▼ −2.48% | $46.45 (−8.90%) |
|
May 13, 2026
27d ago
|
Press Release
| $52.02 $50.99 | ▼ −1.98% | ▼ −2.76% | $46.45 (−10.71%) |
|
May 11, 2026
29d ago
|
8-K
| $49.50 $50.21 | ▲ +1.43% | ▲ +1.57% | $46.45 (−6.16%) |
|
May 5, 2026
5w ago
|
Press Release
| $45.09 $45.00 | ▼ −0.20% | ▼ −1.58% | $46.45 (+3.02%) |
US Market Status
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