Value Line (NASDAQ:VALU) Shares Cross Above 50-Day Moving Average – Here’s Why

Value Line, Inc. (NASDAQ:VALU)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $34.12 and traded as high as $34.59. Value Line shares last traded at $34.59, with a volume of 718 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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.com, the stock currently has an average rating of “Hold”.

Value Line Stock Up 1.5%

The company has a market cap of $324.70 million, a P/E ratio of 14.78 and a beta of 1.07. The firm has a fifty day moving average price of $34.12 and a 200 day moving average price of $36.02.

Value Line Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, April 27th were paid a $0.35 dividend. This is a boost from Value Line’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, April 27th. Value Line’s payout ratio is presently 59.83%.

Hedge Funds Weigh In On Value Line

A number of large investors have recently modified their holdings of the stock. Teton Advisors LLC bought a new stake in shares of Value Line during the third quarter valued at approximately $1,171,000. Neuberger Berman Group LLC lifted its holdings in Value Line by 3.5% during 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. Millennium Management LLC acquired a new position in Value Line during the 3rd quarter worth $334,000. Capital Investment Counsel Inc boosted its position in 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 valued at $376,000 after buying an additional 500 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Value Line by 23.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock valued at $846,000 after buying an additional 4,250 shares during the last quarter. 6.26% of the stock is currently owned by institutional investors and hedge funds.

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.