UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*

Lincoln Educational Services Corporation
(Name of Issuer)

Common Stock, no par value per share
(Title of Class of Securities)

533535100
(CUSIP Number)

December 31, 2023
(Date of Event Which Required Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 
[X]
Rule 13d-1(b)
 
[  ]
Rule 13d-1(c)
 
[  ]
Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



CUSIP No. 533535100
       
1.
Names of Reporting Persons
 
 
Herr Investment Group, LLC
 
     
2.
Check the Appropriate Box if a Member of a Group
(a) [  ]
   
(b) [  ]
     
     
3.
SEC Use Only
 
     
     
4.
Citizenship or Place of Organization
 
 
Delaware
 
     
 
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.
Sole Voting Power
 
 
1,143,146
 
     
6.
Shared Voting Power
 
 
0
 
     
7.
Sole Dispositive Power
 
 
2,267,402
 
     
8.
Shared Dispositive Power
 
 
0
 
     
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
 
2,267,402
 
     
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[  ]
     
     
11.
Percent of Class Represented by Amount in Row 9
 
 
7.23%
 
     
12.
Type of Reporting Person
 
 
IA
 



Item 1(a).
Name of Issuer:
 
Lincoln Educational Services Corporation
   
Item 1(b).
Address of Issuer's Principal Executive Offices:
 
14 Sylvan Way, Suite A, Parsippany, NJ, 07054
   
Item 2(a).
Name of Person Filing:
 
Herr Investment Group, LLC
   
Item 2(b).
Address of Principal Business Office or, if None, Residence:
 
44 Pascal Lane, Austin, TX  78746
   
Item 2(c).
Citizenship:
 
Delaware
   
Item 2(d).
Title of Class of Securities:
 
Common Stock, no par value per share
   
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.
Ownership.
         
 
(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.
Ownership of Five Percent or Less of a Class.
 
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.
Ownership of More Than Five Percent on Behalf of Another Person.
 
Not applicable.
   
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
 
Not applicable.
   
Item 8.
Identification and Classification of Members of the Group.
 
Not applicable.
   


Item 9.
Notice of Dissolution of Group.
 
Not applicable.
   
Item 10.
Certifications.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a–11.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 
Dated: February 8, 2024
   
   
   
   
 
/s/ Matthew Okkerse
 
Name: Matthew Okkerse
 
Title: Chief Compliance Officer