Value Line, Inc. (NASDAQ:VALU) Short Interest Down 18.9% in December

Value Line, Inc. (NASDAQ:VALU) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 9,007 shares, a drop of 18.9% from the November 30th total of 11,109 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,741 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily volume of 2,741 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

VALU has been the topic of several research reports. Wall Street Zen raised Value Line to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Value Line in a research note on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Trading of Value Line

Several hedge funds have recently bought and sold shares of VALU. Millennium Management LLC acquired a new position in Value Line during the 3rd quarter valued at about $334,000. Neuberger Berman Group LLC increased its position in Value Line by 3.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 114,473 shares of the financial services provider’s stock valued at $4,474,000 after acquiring an additional 3,923 shares during the period. Teton Advisors LLC bought a new stake in Value Line during the 3rd quarter valued at $1,171,000. Cloud Capital Management LLC acquired a new position in Value Line during the 3rd quarter worth $128,000. Finally, Strs Ohio acquired a new position in Value Line during the 1st quarter worth $356,000. 6.26% of the stock is currently owned by institutional investors.

Value Line Trading Up 3.2%

VALU stock opened at $38.86 on Wednesday. The stock’s 50 day simple moving average is $37.54 and its 200 day simple moving average is $38.09. Value Line has a 12-month low of $32.94 and a 12-month high of $54.29. The firm has a market cap of $364.90 million, a P/E ratio of 16.86 and a beta of 1.25.

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

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

Value Line Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, October 27th were issued a dividend of $0.325 per share. The ex-dividend date of this dividend was Monday, October 27th. This represents a $1.30 annualized dividend and a dividend yield of 3.3%. Value Line’s dividend payout ratio is 57.52%.

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.