Value Line (NASDAQ:VALU) to Buyback $2,000.00 billion in Shares
Value Line (NASDAQ:VALU) has announced a stock buyback plan, authorizing the repurchase of $2,000.00 billion in shares. This plan allows the company to buy back up to 547,465.2% of its outstanding shares, indicating management's belief that the stock is undervalued. The company also declared a quarterly dividend of $0.325, with a yield of 3.5%. Currently, Value Line holds a consensus rating of "Hold" from analysts, with recent trading showing a decline in stock price to $37.07.
Value Line (NASDAQ:VALU - Get Free Report) declared that its board has authorized a share repurchase plan on Wednesday, October 29th, RTT News reports. The company plans to buyback $2,000.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 547,465.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.
Analyst Ratings Changes
Several brokerages recently commented on VALU. Wall Street Zen upgraded shares of Value Line to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Value Line in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".
Read Our Latest Stock Report on VALU
Value Line Price Performance
Shares of Value Line stock traded down $1.77 during trading on Wednesday, hitting $37.07. 10,043 shares of the company's stock traded hands, compared to its average volume of 4,195. The firm's fifty day moving average price is $38.43 and its 200 day moving average price is $38.71. Value Line has a twelve month low of $32.94 and a twelve month high of $57.68. The company has a market cap of $348.83 million, a PE ratio of 16.40 and a beta of 1.11.
Value Line (NASDAQ:VALU - Get Free Report) last issued its earnings results on Monday, September 15th. The financial services provider reported $0.69 earnings per share for the quarter. Value Line had a net margin of 61.09% and a return on equity of 21.35%. The business had revenue of $8.61 million for the quarter.
Value Line Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Monday, October 27th will be given a $0.325 dividend. The ex-dividend date is Monday, October 27th. This represents a $1.30 dividend on an annualized basis and a yield of 3.5%. Value Line's payout ratio is 57.52%.
Value Line Company Profile
Get Free Report)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.
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