Value Line (NASDAQ:VALU) Shares Pass Below 200-Day Moving Average – Here’s Why

Value Line, Inc. (NASDAQ:VALU) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.58 and traded as low as $36.14. Value Line shares last traded at $37.66, with a volume of 5,815 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VALU shares. Wall Street Zen upgraded shares of Value Line to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Value Line in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Value Line Price Performance

The company has a market capitalization of $354.23 million, a price-to-earnings ratio of 16.66 and a beta of 1.15. The business’s 50-day moving average price is $38.27 and its two-hundred day moving average price is $38.57.

Value Line (NASDAQ:VALU) last posted its quarterly earnings data on Monday, September 15th. The financial services provider reported $0.69 EPS for the quarter. The firm had revenue of $8.61 million for the quarter. Value Line had a return on equity of 21.35% and a net margin of 61.09%.

Value Line Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, October 27th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, October 27th. Value Line’s payout ratio is 57.52%.

Value Line declared that its board has approved a share buyback plan on Wednesday, October 29th that authorizes the company to repurchase $2,000.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 547,465.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Value Line

A hedge fund recently bought a new stake in Value Line stock. Cloud Capital Management LLC purchased a new position in shares of Value Line, Inc. (NASDAQ:VALU) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,299 shares of the financial services provider’s stock, valued at approximately $128,000. 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.