Value Line, Inc. (NASDAQ:VALU) Sees Significant Drop in Short Interest

Value Line, Inc. (NASDAQ:VALU - Get Free Report) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 11,600 shares, a decline of 18.9% from the February 28th total of 14,300 shares. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.5% of the company's stock are short sold.

Value Line Trading Down 5.3 %

Shares of NASDAQ:VALU traded down $2.11 during trading on Thursday, hitting $37.95. 1,698 shares of the company were exchanged, compared to its average volume of 7,569. Value Line has a fifty-two week low of $32.94 and a fifty-two week high of $57.68. The stock has a market cap of $357.21 million, a price-to-earnings ratio of 16.15 and a beta of 0.74. The firm has a fifty day moving average price of $39.01 and a two-hundred day moving average price of $46.10.

Value Line (NASDAQ:VALU - Get Free Report) last issued its earnings results on Friday, March 14th. The financial services provider reported $0.55 earnings per share for the quarter. The business had revenue of $8.97 million for the quarter. Value Line had a net margin of 62.02% and a return on equity of 24.00%. During the same quarter in the previous year, the firm posted $1.51 earnings per share.

Value Line Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, January 27th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.20 annualized dividend and a yield of 3.16%. Value Line's dividend payout ratio (DPR) is currently 52.63%.

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Hedge Funds Weigh In On Value Line

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp lifted its position in shares of Value Line by 19.5% in the fourth quarter. Northern Trust Corp now owns 10,622 shares of the financial services provider's stock valued at $561,000 after buying an additional 1,733 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Value Line during the 4th quarter valued at $311,000. JPMorgan Chase & Co. boosted its position in Value Line by 180.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,382 shares of the financial services provider's stock worth $231,000 after purchasing an additional 2,819 shares during the period. Auxier Asset Management acquired a new position in shares of Value Line in the fourth quarter valued at $224,000. Finally, Barclays PLC raised its position in shares of Value Line by 340.6% in the third quarter. Barclays PLC now owns 1,150 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 889 shares during the period. Institutional investors own 6.26% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Value Line from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

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.