Value Line (NASDAQ:VALU) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why
by Mitch Edgeman · The Markets DailyShares of Value Line, Inc. (NASDAQ:VALU – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.06 and traded as high as $37.59. Value Line shares last traded at $35.24, with a volume of 4,737 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Value Line in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.
View Our Latest Report on VALU
Value Line Stock Performance
The business’s 50 day moving average price is $36.62 and its 200-day moving average price is $36.07. The firm has a market capitalization of $360.85 million, a PE ratio of 16.73 and a beta of 1.04.
Value Line (NASDAQ:VALU – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.38 earnings per share for the quarter. The firm had revenue of $8.01 million during the quarter. Value Line had a net margin of 64.67% and a return on equity of 20.40%.
Value Line Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Monday, July 27th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, July 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.6%. Value Line’s payout ratio is presently 60.87%.
Hedge Funds Weigh In On Value Line
Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of Value Line by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 27,018 shares of the financial services provider’s stock worth $1,038,000 after buying an additional 370 shares in the last quarter. Barclays PLC raised its holdings in Value Line by 36.7% in the fourth quarter. Barclays PLC now owns 1,547 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 415 shares in the last quarter. Capital Investment Counsel Inc raised its holdings in Value Line by 5.4% in the fourth quarter. Capital Investment Counsel Inc now owns 9,774 shares of the financial services provider’s stock valued at $376,000 after acquiring an additional 500 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Value Line by 23.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock worth $846,000 after acquiring an additional 4,250 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in Value Line in the third quarter worth approximately $334,000. Institutional investors and hedge funds own 6.26% of the company’s stock.
About Value Line
Value Line, Inc is a New York–based independent investment research and financial publishing company known for its flagship product, the Value Line Investment Survey. Established in 1931 by Arnold Bernhard, the firm provides timely data, analysis and investment recommendations on a broad universe of equities. Its research covers approximately 1,700 U.S. and Canadian stocks, offering proprietary rankings that help individual investors and financial advisors identify potential opportunities based on relative price performance, earnings outlook and risk metrics.
In addition to the Investment Survey, Value Line offers a suite of digital products and services designed to meet the evolving needs of its clientele.