Value Line, Inc. (NASDAQ:VALU - Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 8,300 shares, a decrease of 23.9% from the August 31st total of 10,900 shares. Currently, 1.1% of the company's shares are sold short. Based on an average trading volume of 9,800 shares, the days-to-cover ratio is presently 0.8 days.
Hedge Funds Weigh In On Value Line
Several hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Value Line during the first quarter worth about $346,000. Auxier Asset Management acquired a new stake in shares of Value Line during the fourth quarter worth about $207,000. Finally, Capital Investment Counsel Inc raised its position in shares of Value Line by 57.2% during the second quarter. Capital Investment Counsel Inc now owns 11,274 shares of the financial services provider's stock worth $486,000 after purchasing an additional 4,100 shares during the period. Institutional investors and hedge funds own 6.26% of the company's stock.
Value Line Stock Performance
NASDAQ:VALU traded up $0.57 during mid-day trading on Friday, hitting $45.60. The company had a trading volume of 1,904 shares, compared to its average volume of 5,249. Value Line has a fifty-two week low of $32.07 and a fifty-two week high of $58.45. The business's fifty day moving average is $43.63 and its two-hundred day moving average is $41.28. The firm has a market cap of $429.55 million, a P/E ratio of 23.51 and a beta of 0.84.
Value Line (NASDAQ:VALU - Get Free Report) last released its earnings results on Friday, July 26th. The financial services provider reported $0.51 earnings per share for the quarter. Value Line had a return on equity of 22.29% and a net margin of 54.72%. The firm had revenue of $9.00 million for the quarter.
Value Line Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, July 29th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.63%. The ex-dividend date was Monday, July 29th. Value Line's payout ratio is 61.86%.
Analyst Ratings Changes
Separately, StockNews.com raised Value Line from a "hold" rating to a "buy" rating in a research note on Wednesday, September 11th.
Check Out Our Latest Stock Analysis on Value Line
Value Line Company Profile
(
Get Free Report)
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.
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