Value Line, Inc. (NASDAQ:VALU – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $47.68 and traded as low as $43.56. Value Line shares last traded at $43.56, with a volume of 2,951 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Value Line from a “hold” rating to a “buy” rating in a research report on Monday, December 16th.
Read Our Latest Stock Report on Value Line
Value Line Price Performance
Value Line (NASDAQ:VALU – Get Free Report) last posted its earnings results on Friday, December 13th. The financial services provider reported $0.60 EPS for the quarter. Value Line had a return on equity of 24.00% and a net margin of 62.02%.
Value Line Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, January 27th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.75%. Value Line’s dividend payout ratio (DPR) is 51.06%.
Hedge Funds Weigh In On Value Line
Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. grew its position in Value Line by 9.7% during the third quarter. Oppenheimer & Co. Inc. now owns 6,145 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 545 shares during the period. JPMorgan Chase & Co. grew its position in Value Line by 144.2% during the third quarter. JPMorgan Chase & Co. now owns 1,563 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 923 shares during the period. Finally, Barclays PLC grew its position in Value Line by 340.6% during the third quarter. Barclays PLC now owns 1,150 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 889 shares during the period. 6.26% of the stock is currently owned by institutional investors and hedge funds.
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.
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