Value Line (NASDAQ:VALU) Shares Gap Down to $88.80

Value Line, Inc. (NASDAQ:VALU – Get Rating) shares gapped down before the market opened on Thursday . The stock had previously closed at $88.80, but opened at $85.84. Value Line shares last traded at $85.84, with a volume of 1 shares trading hands.

Separately, StockNews.com downgraded shares of Value Line from a “buy” rating to a “hold” rating in a research report on Thursday.

The company has a market cap of $587.51 million, a P/E ratio of 22.52 and a beta of -0.10. The firm’s fifty day moving average is $67.32 and its two-hundred day moving average is $53.00.

Value Line (NASDAQ:VALU – Get Rating) last announced its earnings results on Wednesday, March 16th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter. The firm had revenue of $10.26 million for the quarter. Value Line had a net margin of 64.97% and a return on equity of 35.49%.

A number of hedge funds have recently modified their holdings of the business. Neuberger Berman Group LLC boosted its stake in shares of Value Line by 4.7% during the third quarter. Neuberger Berman Group LLC now owns 155,607 shares of the financial services provider’s stock valued at $5,331,000 after purchasing an additional 7,029 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Value Line by 861.0% in the fourth quarter. Wells Fargo & Company MN now owns 39,864 shares of the financial services provider’s stock valued at $1,866,000 after acquiring an additional 35,716 shares in the last quarter. Geode Capital Management LLC boosted its stake in Value Line by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 25,284 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 1,101 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Value Line by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 11,400 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 280 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Value Line by 343.5% in the first quarter. Strs Ohio now owns 10,200 shares of the financial services provider’s stock worth $683,000 after buying an additional 7,900 shares during the last quarter. Institutional investors and hedge funds own 7.14% of the company’s stock.

Value Line Company Profile (NASDAQ:VALU)

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), and options.

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