Value Line (NASDAQ:VALU) Sees Strong Trading Volume – Time to Buy?

Shares of Value Line, Inc. (NASDAQ:VALU) saw unusually-high trading volume on Wednesday . Approximately 5,884 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 6,267 shares.The stock last traded at $53.90 and had previously closed at $54.00.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Value Line from a “hold” rating to a “buy” rating in a research note on Monday.

Value Line Trading Up 1.2 %

The company has a fifty day moving average price of $51.43 and a two-hundred day moving average price of $46.10. The company has a market cap of $490.02 million, a price-to-earnings ratio of 22.14 and a beta of 0.81.

Value Line (NASDAQ:VALU) last announced its quarterly earnings data on Friday, December 13th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter. Value Line had a net margin of 54.72% and a return on equity of 22.29%.

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 was Monday, October 28th. This represents a $1.20 annualized dividend and a yield of 2.31%. Value Line’s dividend payout ratio is currently 51.06%.

Hedge Funds Weigh In On Value Line

A hedge fund recently raised its stake in Value Line stock. Oppenheimer & Co. Inc. grew its holdings in Value Line, Inc. (NASDAQ:VALU) by 9.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,145 shares of the financial services provider’s stock after acquiring an additional 545 shares during the quarter. Oppenheimer & Co. Inc. owned 0.07% of Value Line worth $286,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.26% of the company’s stock.

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.