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Nicholas Investment Partners Bets Big on Vocational Education
Description
Nicholas Investment Partners has made a significant move into the vocational education sector by acquiring over four hundred fifty-nine thousand shares of Lincoln Educational Services, valued at approximately fourteen million four hundred sixty thousand dollars. This investment has already grown to nearly eighteen million seven hundred thousand dollars. Lincoln Educational Services, which focuses on hands-on training for sectors like automotive repair, healthcare, and skilled trades, has seen a one hundred thirty-five percent increase in stock price over the last year. The company reported a twenty-two percent revenue jump to one hundred forty-four million dollars and has seen a steady increase in student population for fourteen quarters. Nicholas Investment Partners investment signals a bet on the long-term need for workforce infrastructure, as Lincoln is expanding its credit facility to one hundred twenty-five million dollars for campus growth.
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