Oppenheimer & Co. Inc. Acquires 15,650 Shares of Value Line, Inc. (NASDAQ:VALU)

Oppenheimer & Co. Inc. raised its holdings in shares of Value Line, Inc. (NASDAQ:VALU - Free Report) by 284.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 21,150 shares of the financial services provider's stock after purchasing an additional 15,650 shares during the period. Oppenheimer & Co. Inc. owned 0.22% of Value Line worth $818,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Auxier Asset Management bought a new position in shares of Value Line during the fourth quarter valued at approximately $224,000. JPMorgan Chase & Co. lifted its holdings in Value Line by 180.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,382 shares of the financial services provider's stock worth $231,000 after buying an additional 2,819 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Value Line during the fourth quarter worth $311,000. Finally, Northern Trust Corp boosted its position in Value Line by 19.5% during the 4th quarter. Northern Trust Corp now owns 10,622 shares of the financial services provider's stock valued at $561,000 after acquiring an additional 1,733 shares in the last quarter. Institutional investors own 6.26% of the company's stock.

Value Line Trading Down 1.3%

Shares of NASDAQ:VALU opened at $38.26 on Monday. The company has a market capitalization of $360.03 million, a PE ratio of 16.78 and a beta of 1.08. Value Line, Inc. has a 12-month low of $32.94 and a 12-month high of $57.68. The business's fifty day simple moving average is $39.14 and its 200-day simple moving average is $41.46.

Value Line Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, April 28th were given a dividend of $0.325 per share. This is a boost from Value Line's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, April 28th. This represents a $1.30 dividend on an annualized basis and a yield of 3.40%. Value Line's dividend payout ratio is presently 57.02%.

Value Line Profile

Value Line, Inc produces and sells investment periodicals and related publications. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. The company's research services include The Value Line Investment Survey, The Value Line Investment Survey - Small and Mid-Cap, The Value Line 600, and The Value Line Fund Advisor Plus that provide statistical and text coverage of various investment securities, with an emphasis placed on its proprietary research, analysis, and statistical ranks.

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