Value Line (NASDAQ:VALU) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Value Line, Inc. (NASDAQ:VALU - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $44.18 and traded as low as $39.75. Value Line shares last traded at $39.75, with a volume of 609 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Value Line from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

Value Line Trading Down 0.6%

The firm's 50-day moving average price is $39.31 and its 200 day moving average price is $43.89. The company has a market cap of $363.19 million, a price-to-earnings ratio of 16.42 and a beta of 1.08.

Value Line (NASDAQ:VALU - Get Free Report) last posted its quarterly earnings results on Friday, March 14th. The financial services provider reported $0.55 earnings per share for the quarter. The firm had revenue of $8.97 million during the quarter. Value Line had a net margin of 62.02% and a return on equity of 24.00%. During the same period last year, the firm posted $1.51 earnings per share.

Value Line Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, April 28th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 3.37%. This is a positive change from Value Line's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, April 28th. Value Line's dividend payout ratio is presently 57.02%.

Hedge Funds Weigh In On Value Line

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Value Line by 144.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,563 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 923 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Value Line during the first quarter worth about $127,000. Auxier Asset Management acquired a new stake in shares of Value Line in the 4th quarter worth about $224,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Value Line in the 4th quarter worth about $311,000. Finally, Northern Trust Corp lifted its position in Value Line by 19.5% in 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. 6.26% of the stock is currently owned by institutional investors.

About Value Line

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.