Value Line, Inc. (NASDAQ:VALU - Get Free Report) shares saw strong trading volume on Wednesday . 5,884 shares were traded during trading, a decline of 6% from the previous session's volume of 6,267 shares.The stock last traded at $53.90 and had previously closed at $54.00.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Value Line from a "hold" rating to a "buy" rating in a research report on Monday.
View Our Latest Analysis on VALU
Value Line Stock Down 4.8 %
The firm's 50 day simple moving average is $51.07 and its 200 day simple moving average is $45.90. The company has a market cap of $484.18 million, a price-to-earnings ratio of 21.88 and a beta of 0.81.
Value Line (NASDAQ:VALU - Get Free Report) last announced its earnings results on Friday, December 13th. The financial services provider reported $0.60 earnings per share for the quarter. Value Line had a return on equity of 22.29% and a net margin of 54.72%.
Value Line Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, October 28th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.33%. Value Line's dividend payout ratio is presently 51.06%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Value Line stock. Oppenheimer & Co. Inc. boosted its holdings in Value Line, Inc. (NASDAQ:VALU - Free Report) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,145 shares of the financial services provider's stock after acquiring an additional 545 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.07% of Value Line worth $286,000 as of its most recent SEC filing. 6.26% of the stock is currently owned by institutional investors.
About Value Line
(
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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