Value Line (NASDAQ:VALU) Shares Gap Up to $53.41

Value Line, Inc. (NASDAQ:VALU – Get Rating)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $53.41, but opened at $59.73. Value Line shares last traded at $59.73, with a volume of 1 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Value Line in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Value Line Stock Performance

The company has a market cap of $487.20 million, a PE ratio of 26.85 and a beta of 0.60. The firm has a fifty day simple moving average of $53.15 and a 200 day simple moving average of $63.34.

Value Line (NASDAQ:VALU – Get Rating) last posted its quarterly earnings results on Monday, December 12th. The financial services provider reported $0.46 EPS for the quarter. The company had revenue of $10.07 million during the quarter. Value Line had a return on equity of 22.86% and a net margin of 45.08%.

Institutional Trading of Value Line

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VALU. Lazard Asset Management LLC purchased a new stake in Value Line in the 2nd quarter valued at about $25,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Value Line during the 3rd quarter worth about $26,000. UBS Group AG grew its holdings in shares of Value Line by 141.8% during the 1st quarter. UBS Group AG now owns 590 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 346 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Value Line by 634.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,117 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 965 shares during the period. Finally, Denali Advisors LLC purchased a new stake in shares of Value Line during the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 6.86% of the company’s stock.

Value Line Company Profile

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Value Line, Inc engages in the provision of investment research. It produces investment periodicals based on underlying research and making available copyright data, including certain proprietary ranking system and other proprietary information, to third parties under written agreements for use in third-party managed and marketed investment products and for other purposes.