Value Line, Inc. (NASDAQ:VALU – Get Rating) shares gapped down before the market opened on Tuesday . The stock had previously closed at $65.50, but opened at $62.22. Value Line shares last traded at $61.93, with a volume of 101 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Value Line from a "buy" rating to a "hold" rating in a research note on Monday, September 12th.
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Value Line Stock Down 9.4 %
The firm has a 50-day moving average price of $78.18 and a two-hundred day moving average price of $71.20. The firm has a market cap of $549.26 million, a PE ratio of 27.23 and a beta of 0.19.
Value Line (NASDAQ:VALU – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share for the quarter. Value Line had a return on equity of 28.41% and a net
margin of 55.54%. The company had revenue of $10.13 million for the quarter.
Value Line Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.72%. Value Line's payout ratio is 42.55%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its position in Value Line by 141.8% during the first quarter. UBS Group AG now owns 590 shares of the financial services provider's stock worth $40,000 after buying an additional 346 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Value Line during the 2nd quarter valued at about $25,000. Denali Advisors LLC acquired a new position in shares of Value Line during the 2nd quarter valued at about $53,000. Dorsey Wright & Associates acquired a new stake in Value Line during the first quarter worth about $60,000. Finally, Renaissance Technologies LLC raised its stake in Value Line by 10.3% during the second quarter. Renaissance Technologies LLC now owns 10,700 shares of the financial services provider's stock worth $707,000 after purchasing an additional 1,000 shares during the period. 7.35% of the stock is currently owned by institutional investors and hedge funds.
Value Line Company Profile
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Value Line, Inc, together with its subsidiaries, produces and sells investment periodicals and related publications primarily in the United States. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options.
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