Value Line (NASDAQ:VALU) Stock Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• Value Line, Inc. (NASDAQ: VALU) saw its stock price drop below its 200-day moving average of $38.73, trading as low as $38.20.
• The company announced a quarterly dividend of $0.325 per share, with a yield of 3.4%, payable on November 10th.
• Institutional investors and hedge funds currently hold 6.26% of Value Line's stock, with notable increases in positions from firms like Oppenheimer & Co. Inc.

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 $38.73 and traded as low as $38.20. Value Line shares last traded at $38.75, with a volume of 5,528 shares traded.

Analyst Upgrades and Downgrades

VALU has been the topic of a number of research analyst reports. Wall Street Zen raised Value Line to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Value Line in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Value Line Price Performance

The stock has a 50 day moving average price of $38.37 and a 200-day moving average price of $38.73. The stock has a market capitalization of $364.64 million, a price-to-earnings ratio of 17.15 and a beta of 1.11.

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

Value Line Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Monday, October 27th will be paid a dividend of $0.325 per share. The ex-dividend date of this dividend is Monday, October 27th. This represents a $1.30 dividend on an annualized basis and a yield of 3.4%. Value Line's payout ratio is 57.52%.

Hedge Funds Weigh In On Value Line

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its stake in Value Line by 284.5% during the first quarter. Oppenheimer & Co. Inc. now owns 21,150 shares of the financial services provider's stock worth $818,000 after buying an additional 15,650 shares during the last quarter. Strs Ohio acquired a new position in Value Line during the first quarter worth $356,000. Finally, Cloud Capital Management LLC purchased a new stake in Value Line in the first quarter valued at $127,000. Institutional investors and hedge funds own 6.26% of the company's stock.

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.

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