Value Line, Inc. (NASDAQ:VALU) Sees Large Drop in Short Interest

Value Line, Inc. (NASDAQ:VALU) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 9,007 shares, a decrease of 18.9% from the November 30th total of 11,109 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 2,741 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily volume of 2,741 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VALU shares. Wall Street Zen raised 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 research note on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Value Line has a consensus rating of “Hold”.

Value Line Stock Up 3.2%

Shares of Value Line stock opened at $38.86 on Wednesday. Value Line has a 12-month low of $32.94 and a 12-month high of $54.29. The firm has a market capitalization of $364.90 million, a PE ratio of 16.86 and a beta of 1.25. The stock’s fifty day moving average is $37.54 and its 200-day moving average is $38.09.

Value Line (NASDAQ:VALU) last issued its quarterly earnings results on Monday, December 15th. The financial services provider reported $0.60 earnings per share for the quarter. The business had revenue of $8.56 million for the quarter. Value Line had a return on equity of 20.88% and a net margin of 61.58%.

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

Value Line Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, October 27th were paid a dividend of $0.325 per share. The ex-dividend date of this dividend was Monday, October 27th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 3.3%. Value Line’s dividend payout ratio (DPR) is 57.52%.

Hedge Funds Weigh In On Value Line

Institutional investors have recently bought and sold shares of the stock. Cloud Capital Management LLC acquired a new stake in Value Line in the 3rd quarter worth approximately $128,000. Millennium Management LLC acquired a new position in shares of Value Line in the 3rd quarter valued at $334,000. Strs Ohio bought a new position in Value Line during the first quarter worth about $356,000. Teton Advisors LLC acquired a new stake in Value Line in the 3rd quarter valued at $1,171,000. Finally, Neuberger Berman Group LLC grew its holdings in shares of Value Line by 3.5% in the 3rd 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 last quarter. 6.26% of the stock is currently owned by institutional investors.

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.