Lincoln Educational Services Corporation (NASDAQ:LINC), a leading provider of specialized technical training, including automotive technology, the skilled trades, healthcare, IT, culinary, and cosmetology, announces that it has been added to the broad-market Russell 3000® Index, effective today after the US markets open, as part of the 2023 Russell Indexes reconstitution
“We are pleased that Lincoln Educational Services was added to the Russell 3000 Index, which I believe is a recognition of the business momentum we have generated and our ability to achieve the key operating objectives we have established,” commented Scott Shaw, Lincoln Tech’s President and Chief Executive Officer. “For over 75 years Lincoln Tech graduates have filled critical roles essential to maintaining a strong US economy and, as our country continues its commitment to major investments in our infrastructure and expanding the availability of green energy, the need for our highly skilled graduates has never been greater. In addition, more students are looking for alternatives to a four degree which is often very expensive with uncertain job opportunities for many upon graduation. Lincoln offers accelerated, cost-effective programs with curriculums designed with the help of industry so students graduate within about one year with career skills that are in demand. We continue to see opportunities for growth and will utilize our strong debt-free balance sheet to add more programs and open new campuses in order to meet employer demand.”
Shaw added, “Our inclusion in the Russell Index will generate increased interest and liquidity in our shares as we continue to enhance shareholder equity.”
Membership in the Russell 3000 Index means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as in the appropriate growth and value style indexes. The Russell 3000 Index encompasses the 3,000 largest U.S.-traded stocks by objective, market-capitalization rankings, and style attributes. Membership in these indexes is updated annually and remains in place for one year.
The Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell Indexes are part of FTSE Russell, a leading global index provider.
