Value Line (NASDAQ:VALU) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Value Line, Inc. (NASDAQ:VALU)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $34.40 and traded as high as $40.48. Value Line shares last traded at $40.48, with a volume of 4,501 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Value Line in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Value Line Price Performance

The stock has a market cap of $366.30 million, a P/E ratio of 16.67 and a beta of 1.03. The firm’s 50-day moving average price is $34.56 and its 200-day moving average price is $36.04.

Value Line Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Monday, April 27th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, April 27th. This is a positive change from Value Line’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 3.6%. Value Line’s dividend payout ratio is 59.83%.

Institutional Trading of Value Line

Hedge funds have recently bought and sold shares of the stock. Teton Advisors LLC purchased a new position in shares of Value Line during the third quarter valued at about $1,171,000. Wells Fargo & Company MN increased its holdings in shares of Value Line by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 27,018 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 370 shares during the last quarter. Barclays PLC lifted its position in shares of Value Line by 36.7% in the fourth quarter. Barclays PLC now owns 1,547 shares of the financial services provider’s stock worth $59,000 after buying an additional 415 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Value Line by 23.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock worth $846,000 after buying an additional 4,250 shares in the last quarter. Finally, Capital Investment Counsel Inc boosted its stake in Value Line by 5.4% during the fourth quarter. Capital Investment Counsel Inc now owns 9,774 shares of the financial services provider’s stock valued at $376,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 6.26% of the company’s stock.

About Value Line

Value Line, Inc is a New York–based independent investment research and financial publishing company known for its flagship product, the Value Line Investment Survey. Established in 1931 by Arnold Bernhard, the firm provides timely data, analysis and investment recommendations on a broad universe of equities. Its research covers approximately 1,700 U.S. and Canadian stocks, offering proprietary rankings that help individual investors and financial advisors identify potential opportunities based on relative price performance, earnings outlook and risk metrics.

In addition to the Investment Survey, Value Line offers a suite of digital products and services designed to meet the evolving needs of its clientele.