Value Line (NASDAQ:VALU) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Value Line, Inc. (NASDAQ:VALU) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $38.58 and traded as low as $36.14. Value Line shares last traded at $37.66, with a volume of 5,815 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Value Line to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Value Line in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Value Line Stock Performance

The business’s fifty day moving average price is $38.27 and its two-hundred day moving average price is $38.58. The firm has a market capitalization of $354.23 million, a P/E ratio of 16.66 and a beta of 1.15.

Value Line (NASDAQ:VALU) last posted its quarterly earnings data on Monday, September 15th. The financial services provider reported $0.69 EPS for the quarter. Value Line had a net margin of 61.09% and a return on equity of 21.35%. The firm had revenue of $8.61 million during the quarter.

Value Line Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Monday, October 27th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Monday, October 27th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 3.5%. Value Line’s dividend payout ratio is presently 57.52%.

Value Line announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 29th that allows the company to buyback $2,000.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 547,465.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Value Line stock. Strs Ohio purchased a new stake in Value Line, Inc. (NASDAQ:VALU) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,200 shares of the financial services provider’s stock, valued at approximately $356,000. Strs Ohio owned about 0.10% of Value Line as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.