Value Line (NASDAQ:VALU) Issues Quarterly Earnings Results

Value Line (NASDAQ:VALU) released its quarterly earnings data on Wednesday. The financial services provider reported $0.38 earnings per share for the quarter, FiscalAI reports. Value Line had a return on equity of 21.16% and a net margin of 65.05%.The firm had revenue of $8.01 million during the quarter.

Value Line Stock Performance

Shares of Value Line stock opened at $35.45 on Thursday. The company has a market capitalization of $332.77 million, a P/E ratio of 15.15 and a beta of 1.03. Value Line has a 1 year low of $32.00 and a 1 year high of $41.18. The company’s fifty day moving average is $36.24 and its two-hundred day moving average is $36.14.

Value Line Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Monday, July 27th will be issued a $0.35 dividend. 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 presently 59.83%.

Institutional Trading of Value Line

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

Wall Street Analyst Weigh In

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

Value Line Company Profile

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.