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

Value Line, Inc. (NASDAQ:VALU) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $36.14 and traded as low as $33.78. Value Line shares last traded at $34.47, with a volume of 1,543 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Value Line in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Value Line Stock Up 3.0%

The stock has a market capitalization of $323.67 million, a PE ratio of 14.73 and a beta of 1.07. The stock has a fifty day moving average of $34.21 and a 200-day moving average of $36.14.

Value Line (NASDAQ:VALU) last released its earnings results on Monday, March 16th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter. The firm had revenue of $8.28 million during the quarter. Value Line had a return on equity of 21.16% and a net margin of 65.05%.

Value Line Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Monday, April 27th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.1%. This is a boost from Value Line’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, April 27th. Value Line’s dividend payout ratio (DPR) is 59.83%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its holdings in Value Line by 36.7% in the fourth quarter. Barclays PLC now owns 1,547 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 415 shares during the period. Millennium Management LLC purchased a new position in Value Line in the third quarter valued at $334,000. Capital Investment Counsel Inc boosted its holdings in Value Line by 5.4% in the fourth quarter. Capital Investment Counsel Inc now owns 9,774 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 500 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Value Line by 23.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 4,250 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Value Line by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 27,018 shares of the financial services provider’s stock valued at $1,038,000 after purchasing an additional 370 shares during the period. 6.26% of the stock is currently owned by hedge funds and other institutional investors.

About Value Line

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.