Bank of America Corp DE Increases Position in YuMe, Inc. (YUME)
Bank of America Corp DE increased its stake in shares of YuMe, Inc. (NYSE:YUME) by 877.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,458 shares of the business services provider’s stock after buying an additional 60,558 shares during the period. Bank of America Corp DE owned 0.20% of YuMe worth $276,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in YuMe by 12.9% in the first quarter. Renaissance Technologies LLC now owns 519,877 shares of the business services provider’s stock valued at $2,126,000 after buying an additional 59,350 shares during the last quarter. Cannell Capital LLC boosted its position in shares of YuMe by 10.2% in the first quarter. Cannell Capital LLC now owns 1,696,461 shares of the business services provider’s stock worth $6,939,000 after buying an additional 157,168 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of YuMe by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 271,424 shares of the business services provider’s stock worth $1,110,000 after buying an additional 28,650 shares in the last quarter. Spark Investment Management LLC boosted its position in shares of YuMe by 24.1% in the first quarter. Spark Investment Management LLC now owns 194,900 shares of the business services provider’s stock worth $797,000 after buying an additional 37,900 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its position in shares of YuMe by 9.0% in the first quarter. Acrospire Investment Management LLC now owns 51,606 shares of the business services provider’s stock worth $211,000 after buying an additional 4,276 shares in the last quarter. Institutional investors and hedge funds own 38.49% of the company’s stock.
YuMe, Inc. (NYSE:YUME) traded down 8.31% on Thursday, hitting $5.41. 516,382 shares of the stock were exchanged. YuMe, Inc. has a 1-year low of $3.11 and a 1-year high of $5.95. The company has a market capitalization of $186.85 million, a PE ratio of 47.04 and a beta of 0.62. The company has a 50-day moving average price of $4.60 and a 200 day moving average price of $4.26.
YuMe (NYSE:YUME) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.09. YuMe had a net margin of 2.46% and a return on equity of 4.36%. The business had revenue of $42.82 million during the quarter. Analysts anticipate that YuMe, Inc. will post $0.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 9th. Shareholders of record on Friday, September 29th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.12 dividend on an annualized basis and a yield of 2.03%. YuMe’s dividend payout ratio is presently 30.00%.
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A number of research analysts have commented 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 research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. YuMe has a consensus rating of “Hold” and an average target price of $3.42.
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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