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, short interest reached a total of 13,400 shares, marking a 30.1% increase from the previous total of 10,300 shares on September 30th. This means that around 1.7% of the company's stock is currently sold short. With an average trading volume of 9,100 shares, the short interest days-to-cover ratio stands at 1.5 days.
Wall Street Analysts Forecast Growth
In related news, StockNews.com updated its assessment of Value Line, changing the rating from "hold" to "buy" on September 11th.
View Our Latest Report on VALU
Value Line Stock Performance
On Monday, shares of VALU rose by $0.89, reaching a price of $49.22. A total of 2,737 shares were traded, which is lower than the average volume of 5,563 shares. Value Line holds a market capitalization of $463.90 million, with a price-to-earnings (PE) ratio of 24.91 and a beta of 0.85. In the past year, the stock has seen a low of $36.00 and a high of $58.45. The company's 50-day simple moving average is $45.02, while the 200-day simple moving average is $42.52.
Value Line (NASDAQ:VALU - Get Free Report) released its quarterly earnings on September 13th. The financial services provider reported earnings per share (EPS) of $0.62 for the quarter, showcasing a return on equity of 22.29% and a net margin of 54.72%. The company's revenue for the quarter stood at $8.88 million.
Value Line Dividend Announcement
The company has also declared a quarterly dividend, which is set to be paid on November 12th. Shareholders on record by October 28th will receive a dividend of $0.30 per share, translating to an annualized dividend of $1.20 which presents a yield of 2.44%. The ex-dividend date is determined to be October 28th. The current payout ratio for Value Line is 61.86%.
Institutional Inflows and Outflows
Recently, SG Americas Securities LLC made a noteworthy investment by acquiring a new position in Value Line, Inc. (NASDAQ:VALU - Free Report) during the first quarter. According to its latest Form 13F filing with the Securities and Exchange Commission, SG Americas purchased 8,548 shares valued at approximately $346,000. This firm now holds about 0.09% of Value Line, and currently, institutional investors and hedge funds own 6.26% of the stock.
About Value Line
Value Line, Inc. specializes in producing and selling investment periodicals and related publications covering a wide range of investment categories such as stocks, mutual funds, exchange-traded funds (ETFs), and options. The company's research services include offerings like The Value Line Investment Survey and The Value Line Fund Advisor Plus, focusing on proprietary research, in-depth analysis, and statistical rankings of various investment securities.
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