Value Line, Inc. (NASDAQ:VALU) Sees Large Decline in Short Interest

Value Line, Inc. (NASDAQ:VALU) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 11,600 shares, a decrease of 18.9% from the February 28th total of 14,300 shares. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.5% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Value Line from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Hedge Funds Weigh In On Value Line

Several hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its stake in Value Line by 340.6% in the 3rd quarter. Barclays PLC now owns 1,150 shares of the financial services provider’s stock valued at $53,000 after buying an additional 889 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Value Line by 144.2% in the third quarter. JPMorgan Chase & Co. now owns 1,563 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 923 shares during the last quarter. Northern Trust Corp lifted its position in shares of Value Line by 19.5% in the fourth quarter. Northern Trust Corp now owns 10,622 shares of the financial services provider’s stock valued at $561,000 after acquiring an additional 1,733 shares in the last quarter. Auxier Asset Management acquired a new stake in shares of Value Line during the fourth quarter valued at $224,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Value Line during the 4th quarter worth about $311,000. 6.26% of the stock is owned by hedge funds and other institutional investors.

Value Line Stock Down 0.0 %

Shares of VALU opened at $40.05 on Thursday. The company has a market capitalization of $377.03 million, a price-to-earnings ratio of 17.04 and a beta of 0.74. Value Line has a 52-week low of $32.94 and a 52-week high of $57.68. The stock has a 50 day moving average price of $39.01 and a 200 day moving average price of $46.10.

Value Line (NASDAQ:VALU) last posted its quarterly earnings data on Friday, March 14th. The financial services provider reported $0.55 earnings per share for the quarter. The business had revenue of $8.97 million during the quarter. Value Line had a return on equity of 24.00% and a net margin of 62.02%. During the same period in the previous year, the company posted $1.51 earnings per share.

Value Line Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, January 27th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Monday, January 27th. Value Line’s dividend payout ratio is currently 52.63%.

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.