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Burke Sells Major Lincoln Shares | Business and Finance News

Burke Sells Major Lincoln Shares | Business and Finance News

Published 2 days, 21 hours ago
Description

James J. Burke Jr. cashed in over 16,000 shares of Lincoln Educational Services stock worth nearly $800K in mid-May, just after the company’s stock hit a multi-year high. While consistent with his past selling habits, the move represented over 20% of his direct holdings — significantly trimming his stake. All shares were sold directly by him at market value, with no derivatives or indirect entities involved. The timing coincides with the company’s strong performance, driven by rising demand for skilled trades and healthcare training, which boosted revenue and led to a revised financial outlook. Burke, who’s been on the board since 1999, said the sales were part of his personal financial planning — and he’s continued selling in recent weeks.

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