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

Key Points

• Value Line, Inc.'s stock price has dipped below its 200-day moving average, trading as low as $38.63, while its last recorded price was $38.89 with a market cap of approximately $365.95 million.
• Wall Street Zen has upgraded Value Line stock to a "hold" rating, indicating a cautious optimism about the company's future performance.
• The company recently announced a quarterly dividend of $0.325 per share, representing a 3.3% annualized yield and a payout ratio of 57.52%.

Value Line, Inc. (NASDAQ:VALU - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.67 and traded as low as $38.63. Value Line shares last traded at $38.89, with a volume of 2,344 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Value Line to a "hold" rating in a research note on Saturday, September 13th.

Value Line Stock Down 0.5%

The company's fifty day moving average is $38.18 and its two-hundred day moving average is $38.67. The stock has a market cap of $365.95 million, a price-to-earnings ratio of 17.21 and a beta of 1.11.

Value Line (NASDAQ:VALU - Get Free Report) last issued its earnings results on Monday, September 15th. The financial services provider reported $0.69 earnings per share for the quarter. The firm had revenue of $8.61 million for the quarter. Value Line had a net margin of 61.09% and a return on equity of 21.35%.

Value Line Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, July 28th. Value Line's dividend payout ratio is currently 57.52%.

Hedge Funds Weigh In On Value Line

Several hedge funds have recently added to or reduced their stakes in VALU. Oppenheimer & Co. Inc. increased its stake in Value Line by 284.5% in the first quarter. Oppenheimer & Co. Inc. now owns 21,150 shares of the financial services provider's stock valued at $818,000 after purchasing an additional 15,650 shares during the last quarter. Cloud Capital Management LLC purchased a new position in Value Line in the first quarter valued at approximately $127,000. Finally, Strs Ohio purchased a new position in Value Line in the first quarter valued at approximately $356,000. 6.26% of the stock is currently owned by hedge funds and other institutional investors.

Value Line Company 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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