Value Line, Inc. (NASDAQ:VALU – Get Rating) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 34,600 shares, a drop of 17.6% from the June 30th total of 42,000 shares. Currently, 4.1% of the company’s shares are sold short. Based on an average trading volume of 7,400 shares, the days-to-cover ratio is currently 4.7 days.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Value Line from a “buy” rating to a “hold” rating in a report on Saturday, July 2nd.
Institutional Trading of Value Line
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew 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 buying an additional 1,441 shares during the period. State Street Corp raised its position in shares of Value Line by 11.3% in the 1st quarter. State Street Corp now owns 11,992 shares of the financial services provider’s stock worth $803,000 after buying an additional 1,217 shares during the period. Vanguard Group Inc. raised its holdings in Value Line by 52.0% in the first quarter. Vanguard Group Inc. now owns 9,937 shares of the financial services provider’s stock valued at $666,000 after buying an additional 3,399 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of Value Line by 11,415.0% in the first quarter. Advisor Group Holdings Inc. now owns 2,303 shares of the financial services provider’s stock valued at $154,000 after buying an additional 2,283 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Value Line by 141.8% in the first quarter. UBS Group AG now owns 590 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 346 shares during the last quarter. 7.50% of the stock is owned by hedge funds and other institutional investors.
Value Line Trading Up 13.2 %
Value Line Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, July 29th. Value Line’s dividend payout ratio (DPR) is 40.00%.
About Value Line
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.
- Get a free copy of the StockNews.com research report on Value Line (VALU)
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