Value Line, Inc. (NASDAQ:VALU – Get Free Report)’s share price rose 7.7% during trading on Wednesday . The stock traded as high as $56.00 and last traded at $56.00. Approximately 5,168 shares changed hands during trading, a decline of 11% from the average daily volume of 5,793 shares. The stock had previously closed at $51.98.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Value Line from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th.
View Our Latest Stock Report on Value Line
Value Line Price Performance
Value Line (NASDAQ:VALU – Get Free Report) last issued its quarterly earnings results on Friday, September 13th. The financial services provider reported $0.62 earnings per share for the quarter. Value Line had a net margin of 54.72% and a return on equity of 22.29%. The company had revenue of $8.88 million during the quarter.
Value Line Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, October 28th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Monday, October 28th. Value Line’s dividend payout ratio is presently 56.60%.
Hedge Funds Weigh In On Value Line
Large investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. increased its holdings in Value Line by 9.7% in the third quarter. Oppenheimer & Co. Inc. now owns 6,145 shares of the financial services provider’s stock worth $286,000 after buying an additional 545 shares during the last quarter. Capital Investment Counsel Inc increased its holdings in Value Line by 57.2% in the second quarter. Capital Investment Counsel Inc now owns 11,274 shares of the financial services provider’s stock worth $486,000 after buying an additional 4,100 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Value Line in the first quarter worth approximately $346,000. Institutional investors and hedge funds 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.
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