Value Line, Inc. (NASDAQ:VALU – Get Free Report)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $34.40 and traded as high as $40.48. Value Line shares last traded at $40.48, with a volume of 4,501 shares traded.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Value Line in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.
Read Our Latest Stock Report on VALU
Value Line Stock Performance
Value Line Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, April 27th were given a $0.35 dividend. This is an increase from Value Line’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 3.5%. 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
A number of hedge funds have recently modified their holdings of the business. Barclays PLC raised its holdings in Value Line by 36.7% in the 4th quarter. Barclays PLC now owns 1,547 shares of the financial services provider’s stock valued at $59,000 after buying an additional 415 shares during the period. Millennium Management LLC purchased a new position in Value Line during the third quarter worth about $334,000. Capital Investment Counsel Inc increased its position in shares of Value Line by 5.4% during the fourth quarter. Capital Investment Counsel Inc now owns 9,774 shares of the financial services provider’s stock valued at $376,000 after acquiring an additional 500 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Value Line by 23.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock valued at $846,000 after acquiring an additional 4,250 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake 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 valued at $1,038,000 after acquiring an additional 370 shares during the period. 6.26% of the stock is currently owned by hedge funds and other institutional investors.
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.
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