Value Line, Inc. (VALU) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp lessened its holdings in Value Line, Inc. (NASDAQ:VALU) by 0.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,244 shares of the financial services provider’s stock after selling 1 shares during the period. Bank of New York Mellon Corp owned 0.11% of Value Line worth $188,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, SG Americas Securities LLC bought a new stake in Value Line in the 2nd quarter valued at $135,000. 8.18% of the stock is owned by hedge funds and other institutional investors.
Shares of Value Line, Inc. (VALU) opened at $17.89 on Monday. The firm has a market capitalization of $173.67, a price-to-earnings ratio of 27.52 and a beta of 1.08. Value Line, Inc. has a 12 month low of $13.26 and a 12 month high of $25.25.
Value Line (NASDAQ:VALU) last posted its quarterly earnings data on Wednesday, September 13th. The financial services provider reported $0.23 earnings per share for the quarter. The firm had revenue of $8.91 million for the quarter. Value Line had a return on equity of 16.28% and a net margin of 17.80%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.02%. The ex-dividend date is Monday, October 30th. Value Line’s payout ratio is 110.77%.
Value Line Profile
Value Line, Inc (Value Line) is engaged in producing investment periodicals based on underlying research and making available copyright data, including ranking system and other information, to third parties for use in third-party managed and marketed investment products and for other purposes. The Company markets under brands, including Value Line, the Value Line logo, The Value Line Investment Survey, Smart Research, Smarter Investing and The Most Trusted Name in Investment Research.
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