Value Line (NASDAQ:VALU) Issues Quarterly Earnings Results

Value Line (NASDAQ:VALU) issued its earnings results on Wednesday. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, FiscalAI reports. Value Line had a return on equity of 20.52% and a net margin of 64.67%.The firm had revenue of $8.01 million for the quarter.

Value Line Price Performance

Shares of VALU stock traded up $0.55 during trading hours on Friday, hitting $36.00. The stock had a trading volume of 214 shares, compared to its average volume of 2,304. The stock has a market capitalization of $338.04 million, a price-to-earnings ratio of 15.65 and a beta of 1.03. The stock’s 50-day moving average price is $36.25 and its two-hundred day moving average price is $36.12. Value Line has a one year low of $32.00 and a one year high of $41.18.

Value Line Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Monday, July 27th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, July 27th. Value Line’s dividend payout ratio is 59.83%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Value Line in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Hedge Funds Weigh In On Value Line

A number of institutional investors and hedge funds have recently modified their holdings of VALU. Barclays PLC lifted its holdings in shares of Value Line by 36.7% in the 4th quarter. Barclays PLC now owns 1,547 shares of the financial services provider’s stock worth $59,000 after buying an additional 415 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Value Line by 1.4% in the 4th quarter. Wells Fargo & Company MN now owns 27,018 shares of the financial services provider’s stock valued at $1,038,000 after acquiring an additional 370 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Value Line by 23.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 22,018 shares of the financial services provider’s stock valued at $846,000 after acquiring an additional 4,250 shares during the period. Capital Investment Counsel Inc raised its position in shares of Value Line by 5.4% in the 4th quarter. Capital Investment Counsel Inc now owns 9,774 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 500 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Value Line during the 3rd quarter worth $334,000. Hedge funds and other institutional investors own 6.26% of the company’s stock.

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.