Value Line (NASDAQ:VALU) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Value Line, Inc. (NASDAQ:VALU) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.83 and traded as low as $37.20. Value Line shares last traded at $37.20, with a volume of 2,400 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Value Line in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Value Line Stock Up 0.3%

The stock’s fifty day simple moving average is $37.70 and its 200-day simple moving average is $37.83. The company has a market capitalization of $350.43 million, a PE ratio of 16.51 and a beta of 1.20.

Value Line (NASDAQ:VALU) last released its quarterly earnings results on Monday, December 15th. The financial services provider reported $0.60 earnings per share for the quarter. The business had revenue of $8.56 million for the quarter. Value Line had a return on equity of 20.88% and a net margin of 61.58%.

Value Line Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, January 26th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, January 26th. Value Line’s dividend payout ratio (DPR) is 57.52%.

Value Line announced that its board has initiated a share buyback plan on Wednesday, October 29th that permits the company to buyback $2,000.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 547,465.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Value Line

Large investors have recently added to or reduced their stakes in the stock. Cloud Capital Management LLC purchased a new position in Value Line in the 3rd quarter worth approximately $128,000. Teton Advisors LLC acquired a new position in shares of Value Line during the third quarter worth $1,171,000. Neuberger Berman Group LLC boosted its stake in shares of Value Line by 3.5% in the third quarter. Neuberger Berman Group LLC now owns 114,473 shares of the financial services provider’s stock valued at $4,474,000 after purchasing an additional 3,923 shares during the period. Millennium Management LLC acquired a new stake in Value Line during the 3rd quarter valued at $334,000. Finally, Capital Investment Counsel Inc increased its stake in Value Line by 5.4% during the 4th quarter. Capital Investment Counsel Inc now owns 9,774 shares of the financial services provider’s stock worth $376,000 after buying an additional 500 shares during the period. 6.26% of the stock is currently owned by institutional investors and hedge funds.

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.