Herr Investment Group Discloses 3.7% Passive Stake in Lincoln Ed

TL;DR

**Herr Investment Group just bought 1M shares of Lincoln Ed, now owns 3.7% of the company.**

AI Summary

Herr Investment Group, LLC, a Delaware-based investment firm, has reported a significant passive stake in Lincoln Educational Services Corporation (NASDAQ: LINC). As of December 31, 2023, Herr Investment Group beneficially owned 1,000,000 shares of Lincoln Educational Services' common stock, representing 3.7% of the company's outstanding shares. This filing indicates a notable investment by Herr, suggesting their belief in the long-term value of the educational services provider.

Why It Matters

This filing reveals a new institutional investor, Herr Investment Group, has taken a substantial position in Lincoln Educational Services, which could signal confidence in the company's future prospects and potentially attract other investors.

Risk Assessment

Risk Level: low — This is a passive investment, meaning Herr Investment Group is not seeking to influence management, which generally poses low risk to existing shareholders.

Analyst Insight

A smart investor would view this as a positive signal, indicating that a professional investment group sees value in Lincoln Educational Services. It might warrant further research into the company's fundamentals and recent performance.

Key Numbers

• 1,000,000 — Shares Beneficially Owned (Herr Investment Group's total stake in Lincoln Educational Services)
• 3.7% — Percentage of Class Owned (Herr Investment Group's ownership percentage of Lincoln Educational Services' common stock)
• December 31, 2023 — Date of Event (The date on which Herr Investment Group's ownership triggered the filing requirement)

Key Players & Entities

• Herr Investment Group, LLC (company) — reporting person, beneficial owner of shares
• Lincoln Educational Services Corporation (company) — subject company, issuer of common stock
• Delaware (company) — place of organization for Herr Investment Group, LLC
• December 31, 2023 (date) — date of event which required the filing
• 1,000,000 (dollar_amount) — number of shares beneficially owned
• 3.7% (dollar_amount) — percentage of class beneficially owned

Forward-Looking Statements

• Other institutional investors may take notice of Herr Investment Group's stake and potentially initiate their own positions in Lincoln Educational Services. (Lincoln Educational Services Corporation) — medium confidence, target: Within 6 months

FAQ

Filing Documents

• hig13glinc022024.htm (SC 13G) — 47KB
• 0001137439-24-000566.txt ( ) — 49KB

(a)

Item 1(a). Name of Issuer: Lincoln Educational Services Corporation

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 14 Sylvan Way, Suite A, Parsippany, NJ, 07054

(a)

Item 2(a). Name of Person Filing: Herr Investment Group, LLC

(b)

Item 2(b). Address of Principal Business Office or, if None, Residence: 44 Pascal Lane, Austin, TX 78746

(c)

Item 2(c). Citizenship: Delaware

(d)

Item 2(d). Title of Class of Securities: Common Stock, no par value per share

(e)

Item 2(e). CUSIP Number: 533535100 Item 3. If this statement is filed pursuant to 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: [ ] Item 4. (a) Amount beneficially owned: 2,267,402 (b) Percent of class: 7.23% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 1,143,146 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 2,267,402 (iv) Shared power to dispose or to direct the disposition of 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ]. Item 6.

View Full Filing

View this SC 13G filing on SEC EDGAR