Value Line (NASDAQ:VALU) Releases Quarterly Earnings Results

Value Line (NASDAQ:VALU) announced its quarterly earnings data on Monday. The financial services provider reported $0.50 earnings per share for the quarter, FiscalAI reports. The business had revenue of $8.05 million during the quarter. Value Line had a return on equity of 18.52% and a net margin of 60.27%.

Value Line Stock Performance

Shares of NASDAQ:VALU opened at $39.40 on Wednesday. The firm has a 50 day simple moving average of $37.83 and a 200 day simple moving average of $36.16. Value Line has a 52 week low of $32.00 and a 52 week high of $41.18. The company has a market cap of $369.57 million, a PE ratio of 18.67 and a beta of 1.03.

Value Line Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Monday, July 27th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, July 27th. Value Line’s dividend payout ratio is 60.87%.

Institutional Trading of Value Line

A hedge fund recently bought a new position in Value Line stock. BlackRock Inc. acquired a new position in Value Line, Inc. (NASDAQ:VALU) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 94,009 shares of the financial services provider’s stock, valued at approximately $3,805,000. BlackRock Inc. owned approximately 1.00% of Value Line at the end of the most recent quarter. Hedge funds and other institutional investors own 6.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Value Line from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Value Line currently has an average rating of “Hold”.

About Value Line

Value Line, Inc is an investment research and financial information company that provides independent analysis, data and commentary to individual investors, financial professionals, institutions and libraries. Its research covers stocks, mutual funds, exchange-traded funds, options and other investment products, with an emphasis on helping users evaluate securities and construct portfolios.

The company is best known for The Value Line Investment Survey, a subscription research service that includes security rankings, forecasts, historical data and analyst commentary.