Value Line (NASDAQ:VALU) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Value Line, Inc. (NASDAQ:VALU) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.78 and traded as low as $36.25. Value Line shares last traded at $36.31, with a volume of 2,306 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Value Line in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Value Line Stock Performance

The stock has a 50 day moving average of $37.51 and a two-hundred day moving average of $37.78. The firm has a market capitalization of $340.95 million, a P/E ratio of 16.07 and a beta of 1.20.

Value Line (NASDAQ:VALU) last announced its quarterly earnings results on Monday, December 15th. The financial services provider reported $0.60 EPS for the quarter. Value Line had a return on equity of 20.88% and a net margin of 61.58%.The company had revenue of $8.56 million for the quarter.

Value Line Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, January 26th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, January 26th. Value Line’s dividend payout ratio (DPR) is 57.52%.

Value Line declared that its board has authorized a share buyback program on Wednesday, October 29th that permits the company to buyback $2,000.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 547,465.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Value Line

Institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its position in shares of Value Line by 36.7% during the 4th quarter. Barclays PLC now owns 1,547 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 415 shares during the last quarter. Cloud Capital Management LLC bought a new position in Value Line in the 3rd quarter worth approximately $128,000. Millennium Management LLC acquired a new position in shares of Value Line during the third quarter worth approximately $334,000. Capital Investment Counsel Inc boosted its position in shares of 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 during the period. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Value Line by 23.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock valued at $846,000 after acquiring an additional 4,250 shares during the period. 6.26% of the stock is currently owned by institutional investors.

Value Line Company Profile

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.