Value Line (NASDAQ:VALU) Stock Price Crosses Below Two Hundred Day Moving Average of $31.52

Shares of Value Line, Inc. (NASDAQ:VALU) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.52 and traded as low as $30.79. Value Line shares last traded at $31.52, with a volume of 27,292 shares.

The firm has a fifty day moving average price of $33.44 and a 200-day moving average price of $31.52. The firm has a market cap of $301.24 million, a price-to-earnings ratio of 13.53 and a beta of -0.03.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 11th. Stockholders of record on Monday, July 26th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, July 23rd.

Several hedge funds have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Value Line by 64.0% during the second quarter. State Street Corp now owns 16,455 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 6,419 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Value Line by 18.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 148,578 shares of the financial services provider’s stock worth $4,606,000 after buying an additional 22,685 shares during the period. Bessemer Group Inc. purchased a new position in shares of Value Line in the 2nd quarter worth $139,000. Finally, BlackRock Inc. raised its position in shares of Value Line by 10.7% in the 1st quarter. BlackRock Inc. now owns 109,256 shares of the financial services provider’s stock worth $3,079,000 after buying an additional 10,520 shares during the period. Institutional investors and hedge funds own 7.22% of the company’s stock.

Value Line Company Profile (NASDAQ:VALU)

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.

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