Value Line (NASDAQ:VALU) Shares Up 7.7% – Here’s What Happened

Value Line, Inc. (NASDAQ:VALU) shares shot up 7.7% on Wednesday . The company traded as high as $56.00 and last traded at $56.00. 5,168 shares were traded during trading, a decline of 11% from the average session volume of 5,793 shares. The stock had previously closed at $51.98.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Value Line from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th.

Value Line Stock Performance

The stock has a market cap of $519.80 million, a P/E ratio of 26.03 and a beta of 0.85. The firm has a 50-day moving average price of $47.62 and a 200-day moving average price of $43.80.

Value Line (NASDAQ:VALU) last released its earnings results on Friday, September 13th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $8.88 million during the quarter. Value Line had a net margin of 54.72% and a return on equity of 22.29%.

Value Line Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, October 28th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Monday, October 28th. Value Line’s dividend payout ratio is currently 56.60%.

Institutional Investors Weigh In On Value Line

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Value Line during the first quarter valued at approximately $346,000. Capital Investment Counsel Inc grew its stake in shares of Value Line by 57.2% during the 2nd quarter. Capital Investment Counsel Inc now owns 11,274 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 4,100 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Value Line by 9.7% in the third quarter. Oppenheimer & Co. Inc. now owns 6,145 shares of the financial services provider’s stock worth $286,000 after buying an additional 545 shares during the last quarter. 6.26% of the stock is currently owned by institutional investors.

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.