Value Line (NASDAQ:VALU) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Value Line, Inc. (NASDAQ:VALU) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $37.46 and traded as low as $35.09. Value Line shares last traded at $35.30, with a volume of 915 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Value Line in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Value Line Price Performance

The stock has a 50 day moving average price of $36.70 and a two-hundred day moving average price of $37.46. The company has a market capitalization of $331.47 million, a price-to-earnings ratio of 15.09 and a beta of 1.22.

Value Line (NASDAQ:VALU) last announced its earnings results on Monday, March 16th. The financial services provider reported $0.63 earnings per share for the quarter. Value Line had a net margin of 65.05% and a return on equity of 21.16%. The company had revenue of $8.28 million during the quarter.

Value Line Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, January 26th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, January 26th. Value Line’s payout ratio is 55.56%.

Hedge Funds Weigh In On Value Line

Large investors have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its position in Value Line by 3.5% in the third quarter. Neuberger Berman Group LLC now owns 114,473 shares of the financial services provider’s stock worth $4,474,000 after purchasing an additional 3,923 shares during the period. Teton Advisors LLC acquired a new position in Value Line during the 3rd quarter valued at about $1,171,000. Wells Fargo & Company MN boosted its stake in shares of Value Line by 1.4% in the 4th quarter. Wells Fargo & Company MN now owns 27,018 shares of the financial services provider’s stock valued at $1,038,000 after purchasing an additional 370 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Value Line by 23.9% in the 4th 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 during the last quarter. Finally, Capital Investment Counsel Inc grew its position in shares of Value Line by 5.4% during the 4th quarter. Capital Investment Counsel Inc now owns 9,774 shares of the financial services provider’s stock worth $376,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds 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.