Value Line, Inc. (NASDAQ:VALU) Sees Large Growth in Short Interest

Value Line, Inc. (NASDAQ:VALU) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 13,400 shares, a growth of 30.1% from the September 30th total of 10,300 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is presently 1.5 days.

Value Line Stock Performance

NASDAQ:VALU traded up $2.23 during mid-day trading on Monday, hitting $50.56. 7,906 shares of the stock were exchanged, compared to its average volume of 5,588. The stock has a market capitalization of $476.53 million, a price-to-earnings ratio of 25.37 and a beta of 0.85. The firm’s 50-day simple moving average is $45.02 and its 200 day simple moving average is $42.52. Value Line has a fifty-two week low of $36.00 and a fifty-two week high of $58.45.

Value Line (NASDAQ:VALU) last announced its quarterly earnings data on Friday, September 13th. The financial services provider reported $0.62 earnings per share for the quarter. The firm had revenue of $8.88 million during the quarter. Value Line had a return on equity of 22.29% and a net margin of 54.72%.

Value Line Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, October 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.37%. Value Line’s dividend payout ratio (DPR) is currently 61.86%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Value Line from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th.

Hedge Funds Weigh In On Value Line

A hedge fund recently bought a new stake in Value Line stock. SG Americas Securities LLC purchased a new position in shares of Value Line, Inc. (NASDAQ:VALU) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,548 shares of the financial services provider’s stock, valued at approximately $346,000. SG Americas Securities LLC owned approximately 0.09% of Value Line as of its most recent filing with the SEC. 6.26% of the stock is currently owned by institutional investors and hedge funds.

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.