Value Line (NASDAQ:VALU) Stock Price Up 7.7% – Should You Buy?

Value Line, Inc. (NASDAQ:VALU) shares shot up 7.7% on Wednesday . The stock traded as high as $56.00 and last traded at $56.00. 5,168 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 5,793 shares. The stock had previously closed at $51.98.

Wall Street Analysts Forecast Growth

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

Value Line Stock Up 7.3 %

The stock has a market capitalization of $525.35 million, a P/E ratio of 25.24 and a beta of 0.85. The firm has a 50-day moving average of $47.07 and a 200 day moving average of $43.63.

Value Line (NASDAQ:VALU) last issued its earnings results on Friday, September 13th. The financial services provider reported $0.62 EPS for the quarter. The firm had revenue of $8.88 million during the quarter. Value Line had a return on equity of 22.29% and a net margin of 54.72%.

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 of this dividend was Monday, October 28th. This represents a $1.20 annualized dividend and a yield of 2.15%. Value Line’s dividend payout ratio is currently 56.60%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. increased its stake in shares of Value Line by 9.7% in the third quarter. Oppenheimer & Co. Inc. now owns 6,145 shares of the financial services provider’s stock valued at $286,000 after buying an additional 545 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Value Line in the first quarter valued at $346,000. Finally, Capital Investment Counsel Inc increased its stake in shares of Value Line by 57.2% in the second quarter. Capital Investment Counsel Inc now owns 11,274 shares of the financial services provider’s stock valued at $486,000 after buying an additional 4,100 shares in the last quarter. 6.26% of the stock is currently owned by institutional investors and hedge funds.

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.