Value Line (NASDAQ:VALU) Lifted to “Buy” at StockNews.com

Value Line (NASDAQ:VALU – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

NASDAQ:VALU opened at $60.49 on Friday. The firm has a 50-day moving average price of $67.38 and a two-hundred day moving average price of $53.72. Value Line has a twelve month low of $28.60 and a twelve month high of $91.72. The company has a market capitalization of $575.99 million, a P/E ratio of 22.08 and a beta of -0.10.

Value Line (NASDAQ:VALU – Get Rating) last issued its quarterly earnings results on Wednesday, March 16th. The financial services provider reported $0.59 EPS for the quarter. The business had revenue of $10.26 million during the quarter. Value Line had a net margin of 64.97% and a return on equity of 35.49%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Denali Advisors LLC purchased a new stake in shares of Value Line during the fourth quarter worth about $28,000. Dorsey Wright & Associates purchased a new stake in shares of Value Line during the first quarter worth about $60,000. Barclays PLC boosted its position in shares of Value Line by 197.3% in the fourth quarter. Barclays PLC now owns 1,189 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 789 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Value Line by 29.9% in the fourth quarter. Bank of America Corp DE now owns 1,225 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 282 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Value Line by 137.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,475 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 854 shares during the last quarter. Institutional investors and hedge funds own 7.14% of the company’s stock.

Value Line Company Profile (Get Rating)

Value Line, Inc, together with its subsidiaries, produces and sells investment periodicals and related publications primarily in the United States. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options.

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