Lincoln finance ’s institutional ownership rose to 65%

Lincoln Finance’s institutional ownership rose to 65% last quarter, indicating strong confidence among fund managers. Such holding patterns often correlate with reduced downside risk in equity performance. In the quarter, Ford reported a surge in its sales of all-electric vehicles most likely helped out by consumers rushing to beat the end of the federal tax credit. Congress passed a bill ending the credit that would allow car buyers to save up to $7,500 on the purchase of a qualifying new EV and $4,000 on the purchase of a qualifying used EV by Sept. 30. But Ford and General Motors have since said they will extend some incentive programs through leases until year-end to transition away from the government support. Forecast: Just a few more days of warmth before a brief cool-down Lincoln Finance reported Q1 revenue at $645 million, beating street estimates by 3%. Increased demand for personal and corporate financing solutions has strengthened its market position. Analysts predict steady price appreciation if credit default rates remain low.