Lincoln Educational Services Corporation
US ˙ NasdaqGS ˙ US5335351004

SecurityLINC / Lincoln Educational Services Corporation
InstitutionBlackRock, Inc.
Latest Disclosed Ownership2,055,309 shares
Ownership 6.50%
BlackRock, Inc. ownership in LINC / Lincoln Educational Services Corporation

2025-07-17 - BlackRock, Inc. has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,055,309 shares of Lincoln Educational Services Corporation (US:LINC). This represents 6.5 percent ownership of the company. In their previous filing dated 2024-01-31 , BlackRock, Inc. had reported owning 1,688,340 shares, indicating an increase of 21.74 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2025-07-17 2025-07-17 13G/A 1,688,340 2,055,309 21.74 6.50 20.37
2024-01-31 2024-01-31 13G 1,105,989 1,688,340 52.65 5.40 17.39
2016-01-08 2016-01-08 13G/A 1,105,989 4.60
2015-01-29 2015-01-29 13G/A 1,677,947 7.00
2014-01-10 2014-01-10 13G/A 2,436,108 10.10
2013-08-09 2013-08-09 13G/A 2,493,624 10.39
2013-02-08 2013-02-08 13G/A 1,787,025 7.84
2012-02-09 2012-02-09 13G 1,755,575 7.76

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-13 2026-03-31 13F LINCOLN EDL SVCS COM 533535100 2,182,514 -24,789 -1.12 88,785 66.56 0.0001
2026-02-12 2025-12-31 13F LINCOLN EDL SVCS COM 533535100 2,207,303 62,119 2.90 53,306 5.74 0.0009
2025-11-12 2025-09-30 13F LINCOLN EDL SVCS COM 533535100 2,145,184 -16,013 -0.74 50,412 1.20 0.0009
2025-08-12 2025-06-30 13F LINCOLN EDL SVCS COM 533535100 2,161,197 138,696 6.86 49,816 55.20 0.0009
2025-05-02 2025-03-31 13F LINCOLN EDL SVCS COM 533535100 2,022,501 63,438 3.24 32,097 3.57 0.0007
2025-02-07 2024-12-31 13F LINCOLN EDL SVCS COM 533535100 1,959,063 1,372 0.07 30,992 32.59 0.0006
2024-11-13 2024-09-30 13F LINCOLN EDL SVCS COM 533535100 1,957,691 95,284 5.12 23,375 5.82 0.0005
2024-08-13 2024-06-30 13F LINCOLN EDL SVCS COM 533535100 1,862,407 205,889 12.43 22,088 29.09 0.0005
2024-05-10 2024-03-31 13F LINCOLN EDL SVCS COM 533535100 1,656,518 -31,822 -1.88 17,112 0.95 0.0004
2024-02-13 2023-12-31 13F LINCOLN EDL SVCS COM 533535100 1,688,340 130,241 8.36 16,951 28.75 0.0004
2023-11-13 2023-09-30 13F LINCOLN EDL SVCS COM 533535100 1,558,099 216,829 16.17 13,166 45.63 0.0004
2023-08-11 2023-06-30 13F LINCOLN EDL SVCS COM 533535100 1,341,270 852,397 174.36 9,040 226.71 0.0002
2023-05-12 2023-03-31 13F LINCOLN EDL SVCS COM 533535100 488,873 1,075 0.22 2,767 -2.02 0.0001
2023-02-13 2022-12-31 13F LINCOLN EDL SVCS COM 533535100 487,798 -2,096 -0.43 2,824 6.01 0.0001
2022-11-14 2022-09-30 13F LINCOLN EDL SVCS COM 533535100 489,894 -30,214 -5.81 2,664 -18.83 0.0001
2022-08-12 2022-06-30 13F LINCOLN EDL SVCS COM 533535100 520,108 -23,323 -4.29 3,282 -15.52 0.0001
2022-05-12 2022-03-31 13F LINCOLN EDL SVCS COM 533535100 543,431 22,282 4.28 3,885 -0.23 0.0001
2022-02-10 2021-12-31 13F LINCOLN EDL SVCS COM 533535100 521,149 3,457 0.67 3,894 12.45 0.0001
2021-11-09 2021-09-30 13F LINCOLN EDL SVCS COM 533535100 517,692 -14,619 -2.75 3,463 -16.39 0.0001
2021-08-11 2021-06-30 13F LINCOLN EDL SVCS COM 533535100 532,311 -100,821 -15.92 4,142 2.07 0.0001
2021-05-07 2021-03-31 13F LINCOLN EDL SVCS COM 533535100 633,132 56,918 9.88 4,058 8.33 0.0001
2021-02-05 2020-12-31 13F LINCOLN EDL SVCS COM 533535100 576,214 -41,442 -6.71 3,746 9.85 0.0001
2020-11-06 2020-09-30 13F LINCOLN EDL SVCS COM 533535100 617,656 -4,797 -0.77 3,410 40.50 0.0001
2020-08-14 2020-06-30 13F LINCOLN EDL SVCS COM 533535100 622,453 1,251 0.20 2,427 77.67 0.0001
2020-05-01 2020-03-31 13F LINCOLN EDL SVCS COM 533535100 621,202 -231 -0.04 1,366 -18.59 0.0001
2020-02-13 2019-12-31 13F LINCOLN EDL SVCS COM 533535100 621,433 -289 -0.05 1,678 29.78 0.0001
2019-11-08 2019-09-30 13F LINCOLN EDL SVCS COM 533535100 621,722 -2,479 -0.40 1,293 -10.33 0.0001
2019-08-22 2019-06-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 624,201 3,985 0.64 1,442 -25.01 0.0001
2019-08-13 2019-06-30 13F LINCOLN EDL SVCS COM 533535100 624,201 3,985 1,442
2019-05-09 2019-03-31 13F LINCOLN EDL SVCS COM 533535100 620,216 -3,294 -0.53 1,923 -3.61 0.0001
2019-02-08 2018-12-31 13F LINCOLN EDL SVCS COM 533535100 623,510 395 0.06 1,995 41.69 0.0001
2018-11-09 2018-09-30 13F LINCOLN EDL SVCS COM 533535100 623,115 3,441 0.56 1,408 30.61 0.0001
2018-08-09 2018-06-30 13F LINCOLN EDL SVCS COM 533535100 619,674 14,312 2.36 1,078 -10.47 0.0000
2018-05-09 2018-03-31 13F LINCOLN EDL SVCS COM 533535100 605,362 -465 -0.08 1,204 -1.55 0.0001
2018-02-09 2017-12-31 13F LINCOLN EDL SVCS COM 533535100 605,827 2,996 0.50 1,223 -18.85 0.0001
2017-11-14 2017-09-30 13F LINCOLN EDL SVCS COM 533535100 602,831 -35,554 -5.57 1,507 -23.85 0.0001
2017-08-10 2017-06-30 13F LINCOLN EDL SVCS COM 533535100 638,385 -50,242 -7.30 1,979 2.22 0.0001
2017-05-12 2017-03-31 13F LINCOLN EDL SVCS COM 533535100 688,627 687,908 95,675.66 1,936 64,433.33 0.0001
2013-11-12 2013-09-30 13F LINCOLN EDL SVCS COM 533535100 719 0 0.00 3 -25.00 0.0000
2013-08-13 2013-06-30 13F LINCOLN EDL SVCS COM 533535100 719 719 4 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.