VALUE LINE INC
For the period ended Jan 31, 2024. Filed Mar 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2024 · Filed Mar 15, 2024
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Item 1A. Risk Factors
In Part II, Item 1A of this Quarterly Report on Form 10-Q for the period ended January 31, 2024 new risk factors have been added to the risk factors disclosed in Item 1A - Risk Factors in the Company's Annual Report on Form 10-K for the year ended April 30, 2023 filed with the SEC on July 28, 2023. The new risk factors reflect management's continuing analysis of developments in the Company's business environment, rather than any specific event or particular issue.
| (a) | Purchases of Equity Securities by the Company |
The following table provides information with respect to all repurchases of common stock made by or on behalf of the Company during the fiscal quarter ended January 31, 2024.
| ISSUER PURCHASES OF EQUITY SECURITIES | ||||
|---|---|---|---|---|
| (a) Total Number of Shares (or Units) Purchased | (b) Average Price Paid per Share (or Unit) | (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | (d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs | |
| November 1 - 30, 2023 | - | - | - | $1,396,000 |
| December 1 - 31, 2023 | - | - | - | 1,396,000 |
| January 1 - 31, 2024 | - | - | - | 1,396,000 |
| Total | - | - | - | $1,396,000 |
The Company did not repurchase common stock during the current fiscal quarter. All shares were repurchased pursuant to authorization of the Board of Directors.
On October 21, 2022, the Company's Board of Directors approved a share repurchase program authorizing the repurchase of shares of the Company’s common stock up to an aggregate purchase price of $3,000,000. The repurchases may be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block purchases or otherwise. The repurchase program may be suspended or discontinued at any time at the Company’s discretion and has no set expiration date. There is a remainder of $1,396,000 before the authorized limit is reached.
Not applicable.
Item5. Other Information
Value Line hasnever adopted a Rule10b5-1 trading arrangement (as that term is defined in Item408(a)(1)(i) of Regulation S-K).None of our directors or executive officers adopted or terminated a Rule10b5-1 trading arrangement or a non-Rule10b5-1 trading arrangement (as defined in Item408(c) of Regulation S-K) during fiscal quarters ended* July 31, 2023,** October 31, 2023and January 31, 2024.*
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