Value Line (NASDAQ:VALU) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Value Line, Inc. (NASDAQ:VALU) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.92 and traded as low as $37.44. Value Line shares last traded at $37.53, with a volume of 1,604 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Value Line in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Value Line Stock Performance

The business has a 50 day moving average of $37.70 and a 200-day moving average of $37.92. The company has a market capitalization of $352.41 million, a P/E ratio of 16.61 and a beta of 1.20.

Value Line (NASDAQ:VALU) last posted its earnings results on Monday, December 15th. The financial services provider reported $0.60 earnings per share for the quarter. Value Line had a return on equity of 20.88% and a net margin of 61.58%.The business had revenue of $8.56 million during the quarter.

Value Line Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Monday, January 26th will be issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, January 26th. Value Line’s dividend payout ratio (DPR) is presently 57.52%.

Value Line declared that its board has authorized a stock repurchase program on Wednesday, October 29th that permits the company to repurchase $2,000.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 547,465.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Value Line

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cloud Capital Management LLC bought a new position in Value Line in the 3rd quarter worth about $128,000. Millennium Management LLC bought a new position in shares of Value Line in the third quarter worth approximately $334,000. Capital Investment Counsel Inc increased its position in shares of Value Line by 5.4% in the fourth quarter. Capital Investment Counsel Inc now owns 9,774 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 500 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Value Line by 23.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 4,250 shares in the last quarter. Finally, Teton Advisors LLC bought a new stake in Value Line during the third quarter valued at approximately $1,171,000. 6.26% of the stock is currently owned by hedge funds and other institutional investors.

Value Line Company Profile

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.