YuMe, Inc. (YUME) Stake Lifted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its position in YuMe, Inc. (NYSE:YUME) by 11.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 271,424 shares of the business services provider’s stock after purchasing an additional 28,650 shares during the period. Dimensional Fund Advisors LP owned 0.80% of YuMe worth $1,110,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of YUME. Acadian Asset Management LLC lifted its position in shares of YuMe by 37.9% in the 1st quarter. Acadian Asset Management LLC now owns 246,282 shares of the business services provider’s stock worth $1,007,000 after purchasing an additional 67,630 shares during the period. Spark Investment Management LLC increased its stake in shares of YuMe by 24.1% in the 1st quarter. Spark Investment Management LLC now owns 194,900 shares of the business services provider’s stock valued at $797,000 after acquiring an additional 37,900 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of YuMe by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 34,616 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 38.49% of the company’s stock.
YuMe, Inc. (NYSE YUME) traded down 5.43% during mid-day trading on Tuesday, hitting $4.88. 433,707 shares of the stock traded hands. The company has a 50-day moving average of $4.69 and a 200 day moving average of $4.33. The firm has a market capitalization of $168.55 million, a P/E ratio of 42.43 and a beta of 0.59. YuMe, Inc. has a 1-year low of $3.11 and a 1-year high of $6.06.
YuMe (NYSE:YUME) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. The business had revenue of $42.82 million during the quarter. YuMe had a return on equity of 4.36% and a net margin of 2.46%. On average, equities research analysts anticipate that YuMe, Inc. will post $0.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 9th. Shareholders of record on Friday, September 29th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, September 28th. YuMe’s dividend payout ratio is currently 30.00%.
Several analysts have recently weighed in on the stock. TheStreet upgraded shares of YuMe from a “c” rating to a “b-” rating in a research note on Wednesday, August 23rd. ValuEngine upgraded shares of 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 three have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price 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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