Value Line (NASDAQ:VALU) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Value Line (NASDAQ:VALU) in a research note published on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Value Line Stock Up 0.2 %

NASDAQ VALU opened at $43.07 on Friday. The firm has a market cap of $405.93 million, a price-to-earnings ratio of 22.20 and a beta of 0.85. The business has a 50-day moving average price of $39.18 and a 200-day moving average price of $41.61. Value Line has a twelve month low of $32.07 and a twelve month high of $62.09.

Value Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Monday, April 29th were paid a $0.30 dividend. This is a positive change from Value Line’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, April 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.79%. Value Line’s dividend payout ratio is 61.86%.

Hedge Funds Weigh In On Value Line

A number of hedge funds have recently made changes to their positions in VALU. Stratos Wealth Partners LTD. purchased a new stake in shares of Value Line in the fourth quarter worth about $215,000. Valmark Advisers Inc. purchased a new stake in shares of Value Line in the fourth quarter worth about $268,000. Capital Investment Counsel Inc purchased a new stake in shares of Value Line in the fourth quarter worth about $350,000. Auxier Asset Management purchased a new stake in shares of Value Line in the fourth quarter worth about $207,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Value Line in the first quarter worth about $346,000. Institutional investors own 6.26% of the company’s stock.

Value Line Company Profile

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.