Short Interest in Value Line, Inc. (NASDAQ:VALU) Drops By 22.7%

Value Line, Inc. (NASDAQ:VALU) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 10,200 shares, a drop of 22.7% from the November 15th total of 13,200 shares. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is currently 1.0 days. Currently, 1.3% of the shares of the company are sold short.

Value Line Stock Up 2.4 %

Shares of NASDAQ:VALU opened at $53.39 on Friday. The business has a 50-day moving average price of $50.91 and a 200-day moving average price of $45.76. The stock has a market cap of $502.93 million, a price-to-earnings ratio of 22.72 and a beta of 0.81. Value Line has a 52-week low of $36.00 and a 52-week high of $57.68.

Value Line (NASDAQ:VALU) last announced its quarterly earnings data on Friday, December 13th. The financial services provider reported $0.60 EPS for the quarter. Value Line had a net margin of 54.72% and a return on equity of 22.29%.

Value Line Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, October 28th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, October 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. Value Line’s payout ratio is currently 51.06%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Value Line from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th.

Hedge Funds Weigh In On Value Line

Several institutional investors and hedge funds have recently modified their holdings of VALU. Capital Investment Counsel Inc raised its position in Value Line by 57.2% during the second quarter. Capital Investment Counsel Inc now owns 11,274 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 4,100 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Value Line by 9.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,145 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 545 shares during the period. Finally, Barclays PLC increased its holdings in shares of Value Line by 340.6% during the 3rd quarter. Barclays PLC now owns 1,150 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 889 shares in the last quarter. Institutional investors and hedge funds own 6.26% of the company’s stock.

About Value Line

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.