Algert Global LLC Invests $566,000 in YuMe, Inc. (NYSE:YUME)
Algert Global LLC bought a new position in shares of YuMe, Inc. (NYSE:YUME) during the second quarter, Holdings Channel reports. The firm bought 120,431 shares of the business services provider’s stock, valued at approximately $566,000.
Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of YuMe by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 34,616 shares of the business services provider’s stock worth $141,000 after buying an additional 207 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in YuMe during the second quarter valued at approximately $199,000. Acrospire Investment Management LLC raised its stake in YuMe by 9.0% in the first quarter. Acrospire Investment Management LLC now owns 51,606 shares of the business services provider’s stock valued at $211,000 after buying an additional 4,276 shares during the period. Bank of America Corp DE raised its stake in YuMe by 877.7% in the first quarter. Bank of America Corp DE now owns 67,458 shares of the business services provider’s stock valued at $276,000 after buying an additional 60,558 shares during the period. Finally, Spark Investment Management LLC raised its stake in YuMe by 24.1% in the first quarter. Spark Investment Management LLC now owns 194,900 shares of the business services provider’s stock valued at $797,000 after buying an additional 37,900 shares during the period. Institutional investors and hedge funds own 38.47% of the company’s stock.
Shares of YuMe, Inc. (YUME) opened at 4.41 on Friday. The stock has a market capitalization of $152.26 million, a price-to-earnings ratio of 38.35 and a beta of 0.62. YuMe, Inc. has a 1-year low of $3.11 and a 1-year high of $5.85. The stock has a 50 day moving average price of $4.63 and a 200 day moving average price of $4.16.
YuMe (NYSE:YUME) last issued its earnings results on Tuesday, August 8th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. YuMe had a net margin of 2.46% and a return on equity of 4.06%. The firm had revenue of $42.82 million during the quarter. Equities research analysts anticipate that YuMe, Inc. will post $0.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 9th. Investors of record on Friday, September 29th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.12 annualized dividend and a dividend yield of 2.72%. YuMe’s dividend payout ratio (DPR) is presently 30.00%.
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Separately, ValuEngine upgraded YuMe from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. YuMe currently has a consensus rating of “Hold” and an average price target of $3.42.
YuMe, Inc (YuMe) is an independent provider of multi-screen video advertising technology, connecting brand advertisers, digital media property owners and consumers of video content across a range of Internet-connected devices. The Company operating segments include Domestic and International. The Company offers advertising customers end-to-end marketing solutions by combining data-driven technologies with deep insight into audience behavior.
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