Value Line (NASDAQ:VALU) Announces Quarterly Earnings Results

Value Line (NASDAQ:VALU) issued its earnings results on Wednesday. The financial services provider reported $0.38 EPS for the quarter, FiscalAI reports. Value Line had a return on equity of 21.16% and a net margin of 65.05%.The company had revenue of $8.01 million during the quarter.

Value Line Price Performance

NASDAQ:VALU traded down $0.04 during trading hours on Wednesday, reaching $36.62. 807 shares of the company were exchanged, compared to its average volume of 2,300. The business has a 50 day moving average of $36.20 and a 200 day moving average of $36.15. Value Line has a 1-year low of $32.00 and a 1-year high of $41.18. The company has a market capitalization of $343.81 million, a P/E ratio of 15.65 and a beta of 1.03.

Value Line Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Monday, July 27th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, July 27th. This represents a $1.40 dividend on an annualized basis and a yield of 3.8%. Value Line’s dividend payout ratio is currently 59.83%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Value Line in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Value Line currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in Value Line by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 27,018 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 370 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Value Line by 23.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock worth $846,000 after acquiring an additional 4,250 shares during the period. Capital Investment Counsel Inc raised its stake in Value Line by 5.4% during the fourth quarter. Capital Investment Counsel Inc now owns 9,774 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 500 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Value Line in the 3rd quarter valued at approximately $334,000. Finally, Barclays PLC grew its holdings in shares of Value Line by 36.7% during the 4th quarter. Barclays PLC now owns 1,547 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 415 shares during the last quarter. Institutional investors own 6.26% of the company’s stock.

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.