Value Line (NASDAQ:VALU) Stock Price Crosses Below 200-Day Moving Average of $42.49

Value Line, Inc. (NASDAQ:VALU) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.49 and traded as low as $37.56. Value Line shares last traded at $37.81, with a volume of 1,787 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Value Line in a report on Wednesday. They set a “hold” rating for the company.

Value Line Stock Performance

The firm has a fifty day moving average price of $40.72 and a 200 day moving average price of $42.49. The stock has a market cap of $356.55 million, a PE ratio of 19.49 and a beta of 0.76.

Value Line (NASDAQ:VALU) last released its earnings results on Friday, March 15th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter. Value Line had a return on equity of 21.23% and a net margin of 47.81%. The firm had revenue of $9.13 million for the quarter.

Value Line Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Monday, January 29th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, January 26th. Value Line’s payout ratio is 57.73%.

Hedge Funds Weigh In On Value Line

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Value Line by 3.8% in the 2nd quarter. BlackRock Inc. now owns 88,066 shares of the financial services provider’s stock valued at $4,042,000 after acquiring an additional 3,237 shares during the period. Bank of New York Mellon Corp increased its position in shares of Value Line by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 25,842 shares of the financial services provider’s stock valued at $1,134,000 after acquiring an additional 816 shares during the period. Vanguard Group Inc. grew its position in Value Line by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 15,655 shares of the financial services provider’s stock worth $763,000 after purchasing an additional 500 shares during the period. State Street Corp grew its position in Value Line by 13.8% during the 2nd quarter. State Street Corp now owns 14,053 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 1,700 shares during the period. Finally, Renaissance Technologies LLC grew its position in Value Line by 10.3% during the 2nd 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. 6.26% of the stock is owned by institutional investors and hedge funds.

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.