Value Line (NASDAQ:VALU) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Value Line, Inc. (NASDAQ:VALU) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $36.14 and traded as low as $33.78. Value Line shares last traded at $34.47, with a volume of 1,543 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Value Line in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Value Line Stock Performance

The company has a market capitalization of $319.82 million, a price-to-earnings ratio of 14.56 and a beta of 1.07. The business’s 50-day simple moving average is $34.18 and its 200-day simple moving average is $36.12.

Value Line (NASDAQ:VALU) last released its earnings results on Monday, March 16th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter. Value Line had a net margin of 65.05% and a return on equity of 21.16%. The company had revenue of $8.28 million for the quarter.

Value Line Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, April 27th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, April 27th. This is a boost from Value Line’s previous quarterly dividend of $0.33. Value Line’s dividend payout ratio is currently 59.83%.

Institutional Trading of Value Line

Hedge funds have recently modified their holdings of the company. Barclays PLC raised its position in shares of Value Line by 36.7% in the 4th 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 during the period. Millennium Management LLC acquired a new stake in shares of Value Line in the 3rd quarter valued at approximately $334,000. Capital Investment Counsel Inc raised its position in shares of Value Line by 5.4% in the 4th 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. Oppenheimer & Co. Inc. raised its position in shares of Value Line by 23.9% in the 4th 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. Finally, Wells Fargo & Company MN raised its position in shares of Value Line by 1.4% in the 4th quarter. Wells Fargo & Company MN now owns 27,018 shares of the financial services provider’s stock valued at $1,038,000 after acquiring an additional 370 shares during the period. 6.26% of the stock is currently owned by institutional investors and hedge funds.

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.