Value Line (NASDAQ:VALU) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Value Line, Inc. (NASDAQ:VALU) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.06 and traded as high as $37.59. Value Line shares last traded at $35.24, with a volume of 4,737 shares trading hands.

Wall Street Analysts Forecast Growth

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

Value Line Price Performance

The company has a market cap of $330.55 million, a PE ratio of 15.32 and a beta of 1.04. The firm has a 50-day simple moving average of $36.42 and a two-hundred day simple moving average of $36.06.

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

Value Line Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Monday, July 27th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, July 27th. Value Line’s dividend payout ratio is 60.87%.

Institutional Investors Weigh In On Value Line

Hedge funds have recently modified their holdings of the company. Millennium Management LLC acquired a new position in Value Line in the 3rd quarter valued at $334,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Value Line by 23.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock worth $846,000 after purchasing an additional 4,250 shares during the last quarter. Capital Investment Counsel Inc boosted its holdings in shares of 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 purchasing an additional 500 shares during the last quarter. Barclays PLC grew its position in shares of Value Line by 36.7% in the fourth 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 period. Finally, Wells Fargo & Company MN increased its stake in Value Line by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 27,018 shares of the financial services provider’s stock valued at $1,038,000 after purchasing an additional 370 shares during the last quarter. 6.26% of the stock is 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.