Value Line (NASDAQ:VALU) issued its earnings results on Friday. The financial services provider reported $0.44 earnings per share for the quarter, reports. Value Line had a return on equity of 26.40% and a net margin of 33.34%. The business had revenue of $10.08 million for the quarter.
VALU traded up $2.20 during trading on Monday, hitting $29.50. 394 shares of the stock were exchanged, compared to its average volume of 3,946. The firm has a market capitalization of $263.68 million, a P/E ratio of 20.84 and a beta of 0.42. Value Line has a 1-year low of $17.12 and a 1-year high of $30.58. The stock has a fifty day moving average price of $25.68 and a two-hundred day moving average price of $25.46. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.19.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in Value Line by 2.5% during the second quarter. Renaissance Technologies LLC now owns 16,400 shares of the financial services provider’s stock worth $451,000 after buying an additional 400 shares during the period. North Star Investment Management Corp. increased its holdings in shares of Value Line by 85.7% in the third quarter. North Star Investment Management Corp. now owns 15,225 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 7,025 shares during the period. Vanguard Group Inc. increased its holdings in shares of Value Line by 2.8% in the second quarter. Vanguard Group Inc. now owns 14,875 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 409 shares during the period. Auxier Asset Management acquired a new position in shares of Value Line in the second quarter valued at approximately $213,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Value Line by 140.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,709 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 998 shares during the period. 7.69% of the stock is currently owned by institutional investors.
Value Line Company Profile
Value Line, Inc, together with its subsidiaries, produces and sells investment periodicals and related publications primarily in the United States. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), options, and convertible securities.
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