Vanguard Group Inc. Raises Position in YuMe Inc (YUME)
Vanguard Group Inc. boosted its stake in YuMe Inc (NYSE:YUME) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 706,139 shares of the business services provider’s stock after purchasing an additional 27,556 shares during the period. Vanguard Group Inc. owned about 2.06% of YuMe worth $3,319,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of YuMe by 0.6% during the first 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 during the last quarter. Northern Trust Corp raised its stake in shares of YuMe by 4.3% during the second quarter. Northern Trust Corp now owns 56,851 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 2,333 shares during the last quarter. Bank of America Corp DE raised its stake in shares of YuMe by 877.7% during 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 acquiring an additional 60,558 shares during the last quarter. Algert Global LLC bought a new position in shares of YuMe during the second quarter valued at $566,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of YuMe by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 271,424 shares of the business services provider’s stock valued at $1,110,000 after acquiring an additional 28,650 shares during the last quarter. 48.03% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on YUME shares. TheStreet raised shares of YuMe from a “c” rating to a “b-” rating in a research note on Wednesday, August 23rd. ValuEngine downgraded shares of YuMe from a “hold” rating to a “sell” rating in a research note on Friday, September 15th.
YuMe Inc (NYSE YUME) traded down $0.05 during mid-day trading on Tuesday, hitting $3.56. 61,100 shares of the stock traded hands, compared to its average volume of 147,759. The company has a market capitalization of $126.15, a P/E ratio of 36.10 and a beta of 0.47. YuMe Inc has a 12-month low of $3.41 and a 12-month high of $6.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.19 and a quick ratio of 2.19.
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YuMe Company Profile
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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