Value Line, Inc. (NASDAQ:VALU) Sees Large Increase in Short Interest

Value Line, Inc. (NASDAQ:VALU) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 9,500 shares, a growth of 18.8% from the June 15th total of 8,000 shares. Based on an average trading volume of 4,200 shares, the short-interest ratio is presently 2.3 days. Currently, 1.2% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Value Line in a report on Sunday. They issued a “hold” rating for the company.

Institutional Trading of Value Line

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Auxier Asset Management bought a new position in shares of Value Line in the fourth quarter worth about $207,000. Stratos Wealth Partners LTD. bought a new position in Value Line in the 4th quarter worth about $215,000. Valmark Advisers Inc. purchased a new position in shares of Value Line during the fourth quarter worth approximately $268,000. SG Americas Securities LLC bought a new stake in shares of Value Line during the first quarter valued at approximately $346,000. Finally, Capital Investment Counsel Inc purchased a new stake in shares of Value Line in the fourth quarter valued at approximately $350,000. Hedge funds and other institutional investors own 6.26% of the company’s stock.

Value Line Price Performance

Shares of NASDAQ:VALU opened at $43.40 on Tuesday. The firm has a market capitalization of $409.26 million, a PE ratio of 22.37 and a beta of 0.84. The business has a 50 day simple moving average of $40.92 and a two-hundred day simple moving average of $41.34. Value Line has a 1 year low of $32.07 and a 1 year high of $62.09.

Value Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Monday, April 29th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.20 dividend on an annualized basis and a yield of 2.76%. This is a boost from Value Line’s previous quarterly dividend of $0.28. Value Line’s payout ratio is presently 61.86%.

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.