Value Line (NASDAQ:VALU) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Value Line, Inc. (NASDAQ:VALU)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.08 and traded as low as $36.66. Value Line shares last traded at $36.66, with a volume of 942 shares.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VALU shares. Weiss Ratings restated a “hold (c-)” rating on shares of Value Line in a research note on Monday, December 29th. Wall Street Zen raised shares of Value Line to a “hold” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Value Line has an average rating of “Hold”.

Value Line Stock Down 0.9%

The firm has a market capitalization of $344.24 million, a P/E ratio of 16.22 and a beta of 1.21. The business’s 50 day moving average is $37.44 and its two-hundred day moving average is $38.08.

Value Line (NASDAQ:VALU) last announced its earnings results on Monday, December 15th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter. Value Line had a net margin of 61.58% and a return on equity of 20.88%. The firm had revenue of $8.56 million during the quarter.

Value Line Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, October 27th were issued a dividend of $0.325 per share. The ex-dividend date of this dividend was Monday, October 27th. This represents a $1.30 annualized dividend and a yield of 3.5%. Value Line’s payout ratio is presently 57.52%.

Value Line announced that its Board of Directors has approved a stock buyback program on Wednesday, October 29th that permits the company to buyback $2,000.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 547,465.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Value Line

Hedge funds have recently modified their holdings of the company. Neuberger Berman Group LLC raised its stake in shares of Value Line by 3.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 114,473 shares of the financial services provider’s stock worth $4,474,000 after buying an additional 3,923 shares in the last quarter. Teton Advisors LLC bought a new position in Value Line during the third quarter valued at about $1,171,000. Strs Ohio acquired a new position in Value Line during the first quarter worth about $356,000. Millennium Management LLC acquired a new position in Value Line during the third quarter worth about $334,000. Finally, Cloud Capital Management LLC bought a new stake in Value Line in the third quarter worth about $128,000. 6.26% of the stock is currently owned by institutional investors and hedge funds.

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.