Value Line (NASDAQ:VALU) Board Declares Share Repurchase Program

Value Line (NASDAQ:VALU) declared that its board has approved a stock buyback plan on Wednesday, October 29th, RTT News reports. The company plans to buyback $2,000.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 547,465.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Value Line Price Performance

VALU opened at $36.66 on Friday. The company has a market capitalization of $344.82 million, a price-to-earnings ratio of 16.22 and a beta of 1.11. Value Line has a 1-year low of $32.94 and a 1-year high of $57.68. The business has a 50 day moving average price of $38.39 and a two-hundred day moving average price of $38.67.

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

Value Line Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Value Line in a report on Wednesday, October 8th. Wall Street Zen raised Value Line to a “hold” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.