Value Line (NASDAQ:VALU) Announces Quarterly Earnings Results

Value Line (NASDAQ:VALU) announced its quarterly earnings results on Monday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, Zacks reports. Value Line had a return on equity of 21.35% and a net margin of 61.09%.

Value Line Stock Up 0.7%

Shares of VALU stock traded up $0.26 during trading on Monday, reaching $38.30. 760 shares of the company’s stock were exchanged, compared to its average volume of 5,203. Value Line has a twelve month low of $32.94 and a twelve month high of $55.01. The firm’s fifty day moving average price is $37.66 and its 200-day moving average price is $38.08. The stock has a market capitalization of $360.25 million, a PE ratio of 16.95 and a beta of 1.25.

Value Line Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, October 27th were given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, October 27th. Value Line’s dividend payout ratio (DPR) is presently 57.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VALU shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Value Line in a research note on Monday, December 8th. Wall Street Zen raised shares of Value Line to a “hold” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Value Line presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Value Line

A hedge fund recently bought a new stake in Value Line stock. Millennium Management LLC purchased a new position in shares of Value Line, Inc. (NASDAQ:VALU) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,552 shares of the financial services provider’s stock, valued at approximately $334,000. Millennium Management LLC owned 0.09% of Value Line as of its most recent filing with the SEC. 6.26% of the stock is currently owned by institutional investors and hedge funds.

Value Line declared that its Board of Directors has approved a stock buyback program on Wednesday, October 29th that allows the company to buyback $2,000.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 547,465.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Value Line Company Profile

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.