Value Line, Inc. (NASDAQ:VALU – Free Report) was the target of a sharp increase in short interest in June. As of June 30, there were shorts totaling 9,500 shares, an increase of 18.8% from the total of 8,000 shares on June 15. Currently, 1.2% of the company’s shares are shorted. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is currently 2.3 days.
Hedge funds comment on the Value Line
Several institutional investors have recently added to or reduced their holdings of VALU. Stratos Wealth Partners LTD. acquired a new stake in Value Line during the 4th quarter valued at $215,000. Valmark Advisers Inc. acquired a new stake in shares of Value Line during the 4th quarter valued at approximately $268,000. Capital Investment Counsel Inc acquired a new stake in shares of Value Line during the 4th quarter valued at approximately $350,000. Auxier Asset Management acquired a new stake in shares of Value Line during the 4th quarter valued at approximately $207,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Value Line during the 1st quarter valued at approximately $346,000. Institutional investors and hedge funds own 6.26% of the company’s stock.
Changes in analyst ratings
Separately, StockNews.com began coverage on Value Line shares on Sunday, giving the stock a “hold” rating.
Check out our latest stock report on Value Line
Value Line Price-Performance
VALU shares opened at $41.06 on Friday. Value Line has a 12-month low of $32.07 and a 12-month high of $62.09. The company has a market cap of $387.20 million, a P/E ratio of 21.16 and a beta of 0.84. The company’s 50-day moving average price is $40.80 and its 200-day moving average price is $41.42.
Value Line increases dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Monday, April 29th were paid a dividend of $0.30. The ex-dividend date of this dividend was Friday, April 26th. This represents a dividend of $1.20 on an annualized basis and a yield of 2.92%. This is a positive change from Value Line’s previous quarterly dividend of $0.28. Value Line’s payout ratio is currently 61.86%.
About Value Line
(Get free report)
Value Line, Inc. produces and distributes investment magazines and related publications. Its investment magazines 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, which provide statistical and textual coverage of various investment securities with an emphasis on proprietary research, analysis, and statistical rankings.
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