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

Value Line, Inc. (NASDAQ:VALUGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.29 and traded as low as $32.00. Value Line shares last traded at $32.00, with a volume of 9,976 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Value Line in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Get Our Latest Research Report on Value Line

Value Line Trading Down 0.0%

The company has a 50 day simple moving average of $34.40 and a two-hundred day simple moving average of $36.23. The firm has a market capitalization of $305.08 million, a P/E ratio of 13.88 and a beta of 1.07.

Value Line (NASDAQ:VALUGet Free Report) last released its quarterly earnings data on Monday, March 16th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter. Value Line had a net margin of 65.05% and a return on equity of 21.16%. The firm had revenue of $8.28 million for the quarter.

Value Line Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, April 27th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, April 27th. This is an increase from Value Line’s previous quarterly dividend of $0.33. Value Line’s dividend payout ratio is presently 59.83%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Teton Advisors LLC purchased a new stake in shares of Value Line in the third quarter worth about $1,171,000. Millennium Management LLC purchased a new position in Value Line during the 3rd quarter valued at approximately $334,000. Oppenheimer & Co. Inc. increased its stake in Value Line by 23.9% in 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 last quarter. Neuberger Berman Group LLC raised its holdings in shares of Value Line by 3.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 114,473 shares of the financial services provider’s stock worth $4,474,000 after acquiring an additional 3,923 shares in the last quarter. Finally, Capital Investment Counsel Inc raised its holdings in shares of 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 acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 6.26% of the company’s stock.

About Value Line

(Get Free Report)

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.

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