Value Line (NASDAQ:VALU) Downgraded to Hold at StockNews.com

Posted by on Jun 24th, 2022

StockNews.com downgraded shares of Value Line (NASDAQ:VALU – Get Rating) from a buy rating to a hold rating in a report published on Thursday.

VALU stock opened at $56.42 on Thursday. The company’s 50-day simple moving average is $67.75 and its 200 day simple moving average is $61.25. Value Line has a 52 week low of $29.54 and a 52 week high of $91.72. The company has a market capitalization of $537.23 million, a PE ratio of 20.59 and a beta of -0.06.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 11th. Investors of record on Monday, May 2nd were given a dividend of $0.25 per share. This is a boost from Value Line’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, April 29th. This represents a $1.00 annualized dividend and a yield of 1.77%. Value Line’s dividend payout ratio is currently 36.50%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in Value Line by 6.4% during the first quarter. Bank of New York Mellon Corp now owns 24,011 shares of the financial services provider’s stock worth $1,609,000 after purchasing an additional 1,441 shares during the period. State Street Corp lifted its position in Value Line by 11.3% during the first quarter. State Street Corp now owns 11,992 shares of the financial services provider’s stock worth $803,000 after purchasing an additional 1,217 shares during the period. Renaissance Technologies LLC lifted its position in Value Line by 4.9% during the third quarter. Renaissance Technologies LLC now owns 11,120 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 520 shares during the period. Strs Ohio lifted its position in Value Line by 343.5% during the first quarter. Strs Ohio now owns 10,200 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 7,900 shares during the period. Finally, Vanguard Group Inc. lifted its position in Value Line by 52.0% during the first quarter. Vanguard Group Inc. now owns 9,937 shares of the financial services provider’s stock worth $666,000 after purchasing an additional 3,399 shares during the period. 7.50% of the stock is owned by institutional investors and hedge funds.

Value Line Company Profile (Get Rating)

Value Line, Inc, together with its subsidiaries, produces and sells investment periodicals and related publications primarily in the United States. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options.

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