Value Line (NASDAQ:VALU) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Value Line (NASDAQ:VALU) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the financial services provider’s stock.

Value Line Trading Up 2.9 %

Shares of Value Line stock opened at $46.17 on Friday. The company has a market capitalization of $435.38 million, a P/E ratio of 23.80 and a beta of 0.84. The stock has a fifty day simple moving average of $41.22 and a 200 day simple moving average of $41.35. Value Line has a 12-month low of $32.07 and a 12-month high of $62.09.

Value Line Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Monday, April 29th were given a dividend of $0.30 per share. This is a positive change from Value Line’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Friday, April 26th. Value Line’s dividend payout ratio (DPR) is presently 61.86%.

Hedge Funds Weigh In On Value Line

Several hedge funds have recently modified their holdings of the company. Auxier Asset Management purchased a new stake in shares of Value Line during the fourth quarter valued at approximately $207,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Value Line during the 4th quarter valued at $215,000. Valmark Advisers Inc. purchased a new stake in shares of Value Line during the 4th quarter valued at $268,000. SG Americas Securities LLC purchased a new position in shares of Value Line in the 1st quarter worth about $346,000. Finally, Capital Investment Counsel Inc bought a new position in Value Line during the fourth quarter valued at about $350,000. Institutional investors own 6.26% of the company’s stock.

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.