StockNews.com Begins Coverage on Value Line (NASDAQ:VALU)

StockNews.com assumed coverage on shares of Value Line (NASDAQ:VALU) in a note issued to investors on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Value Line Trading Up 3.5 %

Shares of NASDAQ VALU opened at $42.97 on Friday. The stock has a market cap of $405.21 million, a price-to-earnings ratio of 22.15 and a beta of 0.85. Value Line has a 12 month low of $32.07 and a 12 month high of $62.09. The company has a 50 day simple moving average of $39.06 and a two-hundred day simple moving average of $41.79.

Hedge Funds Weigh In On Value Line

Large investors have recently made changes to their positions in the company. Auxier Asset Management acquired a new stake in Value Line during the fourth quarter valued at $207,000. Stratos Wealth Partners LTD. purchased a new position in Value Line during the fourth quarter worth approximately $215,000. Valmark Advisers Inc. purchased a new position in Value Line during the fourth quarter worth approximately $268,000. SG Americas Securities LLC acquired a new stake in Value Line in the first quarter valued at approximately $346,000. Finally, Capital Investment Counsel Inc purchased a new stake in shares of Value Line in the fourth quarter valued at approximately $350,000. 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.