Lincoln Educational Adopts $30M Share Buyback Program
- 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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