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Benzinga
Benzinga
Business
Shivani Kumaresan

Lincoln Educational Adopts $30M Share Buyback Program

LINC (Organization) Nasdaq
  • Lincoln Educational Services Corp (NASDAQ:LINC) Board of Directors has authorized a share repurchase program of up to $30 million of the company's outstanding common stock.
  • The repurchase program has been authorized for twelve months.
  • The company will make the purchases from time to time, in open-market transactions at prevailing market prices, in privately negotiated transactions, or by other means.
  • LINC held $65.6 million in cash and equivalents as of March 31, 2022.
  • Price Action: LINC shares are trading higher by 4.34% at $5.29 on the last check Tuesday.
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