Value Line (NASDAQ:VALU) Posts Earnings Results

Value Line (NASDAQ:VALU) issued its quarterly earnings data on Monday. The financial services provider reported $0.60 earnings per share for the quarter, Zacks reports. The firm had revenue of $8.56 million for the quarter. Value Line had a return on equity of 21.14% and a net margin of 61.58%.

Value Line Price Performance

Shares of Value Line stock opened at $39.28 on Wednesday. Value Line has a 1-year low of $32.94 and a 1-year high of $55.01. The company’s fifty day simple moving average is $37.65 and its 200-day simple moving average is $38.08. The stock has a market capitalization of $369.62 million, a PE ratio of 17.38 and a beta of 1.25.

Value Line Dividend Announcement

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

Value Line declared that its board has authorized a stock buyback program on Wednesday, October 29th that allows the company to repurchase $2,000.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 547,465.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

VALU has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Value Line in a research note on Monday, December 8th. Wall Street Zen upgraded Value Line to a “hold” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Value Line

A hedge fund recently bought a new stake in Value Line stock. Millennium Management LLC acquired a new position in Value Line, Inc. (NASDAQ:VALU) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,552 shares of the financial services provider’s stock, valued at approximately $334,000. Millennium Management LLC owned approximately 0.09% of Value Line at the end of the most recent reporting period. 6.26% of the stock is currently owned by hedge funds and other institutional investors.

Value Line Company Profile

Value Line, Inc produces and sells investment periodicals and related publications. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. The company's research services include The Value Line Investment Survey, The Value Line Investment Survey – Small and Mid-Cap, The Value Line 600, and The Value Line Fund Advisor Plus that provide statistical and text coverage of various investment securities, with an emphasis placed on its proprietary research, analysis, and statistical ranks.