Value Line, Inc. (NASDAQ:VALU – Get Rating) shares gapped down prior to trading on Wednesday . The stock had previously closed at $80.39, but opened at $73.97. Value Line shares last traded at $73.97, with a volume of 1 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Value Line from a "buy" rating to a "hold" rating in a research note on Monday.
Get Value Line alerts:Value Line Price Performance
The firm has a market capitalization of $693.69 million, a price-to-earnings ratio of 29.59 and a beta of 0.19. The firm's fifty day moving average is $77.63 and its 200 day moving average is $70.88.
Value Line (NASDAQ:VALU – Get Rating) last posted its earnings results on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter. Value Line had a net margin of 58.78% and a return on equity of 31.10%. The firm had revenue of $10.13 million during the quarter.Value Line Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 1st were paid a $0.25 dividend. The ex-dividend date was Friday, July 29th. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. Value Line's dividend payout ratio is presently 40.00%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in Value Line by 11.3% during the 1st quarter. State Street Corp now owns 11,992 shares of the financial services provider's stock worth $803,000 after purchasing an additional 1,217 shares in the last quarter. Renaissance Technologies LLC grew its position in Value Line by 10.3% in the second quarter. Renaissance Technologies LLC now owns 10,700 shares of the financial services provider's stock valued at $707,000 after acquiring an additional 1,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Value Line by 52.0% in the first quarter. Vanguard Group Inc. now owns 9,937 shares of the financial services provider's stock worth $666,000 after acquiring an additional 3,399 shares during the period. Advisor Group Holdings Inc. lifted its stake in Value Line by 11,415.0% in the first quarter. Advisor Group Holdings Inc. now owns 2,303 shares of the financial services provider's stock valued at $154,000 after buying an additional 2,283 shares during the period. Finally, UBS Group AG increased its holdings in shares of Value Line by 141.8% during the first quarter. UBS Group AG now owns 590 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 346 shares in the last quarter. 7.35% of the stock is currently owned by institutional investors and hedge funds.
About Value Line
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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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