StockNews.com Downgrades Value Line (NASDAQ:VALU) to Hold

StockNews.com lowered shares of Value Line (NASDAQ:VALUGet Rating) from a buy rating to a hold rating in a report issued on Saturday.

Value Line stock opened at $61.90 on Friday. The stock has a market capitalization of $589.41 million, a P/E ratio of 22.59 and a beta of 0.01. Value Line has a 12-month low of $29.54 and a 12-month high of $91.72. The firm’s 50-day moving average is $66.00 and its two-hundred day moving average is $62.60.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 11th. Stockholders of record on Monday, May 2nd were issued a dividend of $0.25 per share. This is a positive change from Value Line’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, April 29th. Value Line’s dividend payout ratio is presently 36.50%.

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of Value Line by 6.4% during the 1st quarter. Bank of New York Mellon Corp now owns 24,011 shares of the financial services provider’s stock worth $1,609,000 after acquiring an additional 1,441 shares during the period. State Street Corp lifted its holdings in shares of Value Line by 11.3% during the 1st quarter. State Street Corp now owns 11,992 shares of the financial services provider’s stock worth $803,000 after acquiring an additional 1,217 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Value Line by 4.9% during the 3rd quarter. Renaissance Technologies LLC now owns 11,120 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 520 shares during the period. Strs Ohio raised its holdings in Value Line by 343.5% in the first quarter. Strs Ohio now owns 10,200 shares of the financial services provider’s stock valued at $683,000 after buying an additional 7,900 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Value Line by 52.0% in the first quarter. Vanguard Group Inc. now owns 9,937 shares of the financial services provider’s stock valued at $666,000 after buying an additional 3,399 shares during the period. Institutional investors and hedge funds own 7.50% 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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