Value Line, Inc. (NASDAQ:VALU) Short Interest Update
Value Line, Inc. (NASDAQ:VALU - Get Free Report) experienced a notable rise in short interest during October. As of October 15th, the short interest reached a total of 13,400 shares, marking a substantial increase of 30.1% compared to the 10,300 shares reported on September 30th. This suggests that approximately 1.7% of the company's stock is currently sold short. With an average trading volume of 9,100 shares, the days-to-cover ratio stands at 1.5 days.
Wall Street Analysts Forecast Growth
In a separate announcement, StockNews.com upgraded Value Line's rating from "hold" to "buy" in a research note published on September 11th.
View Our Latest Report on VALU
Value Line Stock Performance
On Monday, shares of VALU rose by $0.89, hitting a price of $49.22. A total of 2,737 shares changed hands, which is below the average trading volume of 5,563 shares. The company boasts a market capitalization of $463.90 million, with a P/E ratio of 24.91 and a beta of 0.85. Over the past year, Value Line's stock reached a low of $36.00 and a high of $58.45. The stock's 50-day simple moving average is $45.02 while the 200-day simple moving average is $42.52.
Value Line last reported its quarterly earnings on September 13th, showing earnings per share (EPS) of $0.62 for the quarter. The financial services firm reported a return on equity of 22.29% and a net margin of 54.72%. The revenue for the quarter stood at $8.88 million.
Value Line Dividend Announcement
The company has recently declared a quarterly dividend, set to be paid on November 12th. Shareholders who are on record as of October 28th will receive a dividend of $0.30 per share, translating to an annualized dividend of $1.20 and a yield of 2.44%. The ex-dividend date is also October 28th. Value Line's current payout ratio is 61.86%.
Institutional Inflows and Outflows
An institutional investor made a fresh acquisition of Value Line stock in the first quarter. SG Americas Securities LLC obtained 8,548 shares of Value Line, valued at approximately $346,000, as stated in its recent Form 13F filing with the Securities and Exchange Commission. As of the latest SEC filing, SG Americas Securities LLC holds about 0.09% of Value Line. Presently, institutional investors and hedge funds own around 6.26% of the company’s stock.
About Value Line
(Get Free Report)
Value Line, Inc. produces and distributes investment periodicals and related publications. Their range of investment topics includes stocks, mutual funds, exchange-traded funds (ETFs), and options. The company's various research services, such as The Value Line Investment Survey and The Value Line Fund Advisor Plus, offer extensive coverage of investment securities, emphasizing proprietary research, analysis, and statistical rankings.
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