Value Line (NASDAQ:VALU) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Value Line shares moved above their 200-day moving average, reaching $39.00 before last trading at $36.34 on relatively light volume.
• Value Line reported quarterly earnings of $0.38 per share on $8.01 million in revenue, with a 64.67% net margin and 20.40% return on equity.
• The company paid a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 3.9% yield; analysts maintain an overall “Hold” rating.

Value Line, Inc. (NASDAQ:VALU - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.07 and traded as high as $39.00. Value Line shares last traded at $36.34, with a volume of 4,928 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Value Line in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

Value Line Stock Performance

The stock has a market cap of $340.87 million, a PE ratio of 15.80 and a beta of 1.04. The company's 50-day moving average price is $37.04 and its 200 day moving average price is $36.07.

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

Value Line Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Monday, July 27th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, July 27th. Value Line's payout ratio is 60.87%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VALU. BlackRock Inc. acquired a new position in shares of Value Line in the 2nd quarter worth approximately $3,805,000. Millennium Management LLC purchased a new position in shares of Value Line during the third quarter worth $334,000. Oppenheimer & Co. Inc. boosted its position 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 buying an additional 4,250 shares during the period. Barclays PLC grew its stake 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 buying an additional 415 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of 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 buying an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 6.26% of the company's stock.

Value Line Company Profile

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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