Value Line (NASDAQ:VALU) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Value Line, Inc. (NASDAQ:VALU) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.07 and traded as high as $39.00. Value Line shares last traded at $36.34, with a volume of 4,928 shares changing hands.

Wall Street Analysts Forecast Growth

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

Value Line Price Performance

The stock’s 50 day moving average is $37.14 and its 200-day moving average is $36.08. The company has a market capitalization of $352.41 million, a P/E ratio of 16.33 and a beta of 1.04.

Value Line (NASDAQ:VALU) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.38 earnings per share for the quarter. Value Line had a return on equity of 20.40% and a net margin of 64.67%.The business had revenue of $8.01 million for the quarter.

Value Line Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Monday, July 27th were given a dividend of $0.35 per share. The ex-dividend date was Monday, July 27th. This represents a $1.40 annualized dividend and a dividend yield of 3.7%. Value Line’s payout ratio is currently 60.87%.

Hedge Funds Weigh In On Value Line

Several institutional investors and hedge funds have recently added to or reduced their stakes in VALU. Wells Fargo & Company MN boosted its holdings in shares of Value Line by 1.4% during the 4th quarter. Wells Fargo & Company MN now owns 27,018 shares of the financial services provider’s stock valued at $1,038,000 after buying an additional 370 shares in the last quarter. Barclays PLC lifted its position in 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 acquiring an additional 415 shares during the period. Oppenheimer & Co. Inc. lifted its position in Value Line by 23.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock valued at $846,000 after acquiring an additional 4,250 shares during the period. Millennium Management LLC bought a new stake in Value Line during the third quarter worth about $334,000. Finally, BlackRock Inc. bought a new stake in Value Line during the second quarter worth about $3,805,000. Hedge funds and other institutional investors own 6.26% of the company’s stock.

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.