StockNews.com Initiates Coverage on Value Line (NASDAQ:VALU)

Posted by on Jun 5th, 2023

StockNews.com began coverage on shares of Value Line (NASDAQ:VALU – Get Rating) in a note issued to investors on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Value Line Trading Down 0.1 %

NASDAQ VALU opened at $47.31 on Monday. The stock has a fifty day simple moving average of $47.42 and a 200-day simple moving average of $49.92. Value Line has a twelve month low of $42.02 and a twelve month high of $118.40. The stock has a market cap of $446.61 million, a PE ratio of 25.17 and a beta of 0.58.

Value Line (NASDAQ:VALU – Get Rating) last released its quarterly earnings data on Tuesday, March 14th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $9.97 million during the quarter. Value Line had a net margin of 44.49% and a return on equity of 22.20%.

Institutional Trading of Value Line

Several institutional investors have recently added to or reduced their stakes in VALU. Bank of New York Mellon Corp increased its stake in shares of Value Line by 3.3% during the third quarter. Bank of New York Mellon Corp now owns 25,842 shares of the financial services provider’s stock valued at $1,134,000 after acquiring an additional 816 shares during the period. State Street Corp grew its holdings in shares of Value Line by 12.1% in the 2nd quarter. State Street Corp now owns 13,439 shares of the financial services provider’s stock worth $888,000 after acquiring an additional 1,447 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Value Line by 10.3% in the 2nd quarter. Renaissance Technologies LLC now owns 10,700 shares of the financial services provider’s stock valued at $707,000 after purchasing an additional 1,000 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Value Line by 52.0% in the first quarter. Vanguard Group Inc. now owns 9,937 shares of the financial services provider’s stock worth $666,000 after buying an additional 3,399 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in shares of Value Line by 11,415.0% in the first quarter. Advisor Group Holdings Inc. now owns 2,303 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 2,283 shares in the last quarter. Institutional investors own 6.86% of the company’s stock.

About Value Line

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Value Line, Inc engages in the provision of investment research. It produces investment periodicals based on underlying research and making available copyright data, including certain proprietary ranking system and other proprietary information, to third parties under written agreements for use in third-party managed and marketed investment products and for other purposes.

Further Reading

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