Value Line (NASDAQ:VALU) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Value Line, Inc. (NASDAQ:VALU) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.29 and traded as low as $32.00. Value Line shares last traded at $32.00, with a volume of 9,976 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Value Line in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Value Line currently has a consensus rating of “Hold”.

Value Line Stock Down 2.0%

The stock has a 50 day simple moving average of $34.53 and a 200 day simple moving average of $36.29. The stock has a market cap of $300.48 million, a price-to-earnings ratio of 13.68 and a beta of 1.07.

Value Line (NASDAQ:VALU) last posted its earnings results on Monday, March 16th. The financial services provider reported $0.63 earnings per share for the quarter. The company had revenue of $8.28 million for 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 declared a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, April 27th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.4%. 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 presently 59.83%.

Hedge Funds Weigh In On Value Line

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its position in Value Line by 36.7% during the fourth quarter. Barclays PLC now owns 1,547 shares of the financial services provider’s stock worth $59,000 after buying an additional 415 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Value Line by 1.4% in the 4th quarter. Wells Fargo & Company MN now owns 27,018 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 370 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Value Line by 23.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock worth $846,000 after purchasing an additional 4,250 shares in the last quarter. Capital Investment Counsel Inc boosted its holdings in shares of Value Line by 5.4% in the 4th quarter. Capital Investment Counsel Inc now owns 9,774 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 500 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Value Line in the 3rd quarter worth about $334,000. 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.