Bank of New York Mellon Corp Lowers Holdings in YuMe, Inc. (YUME)
Bank of New York Mellon Corp cut its position in YuMe, Inc. (NYSE:YUME) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,009 shares of the business services provider’s stock after selling 607 shares during the quarter. Bank of New York Mellon Corp owned about 0.10% of YuMe worth $160,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of YuMe during the 2nd quarter valued at $199,000. Bank of America Corp DE raised its stake in shares of YuMe by 877.7% during the 1st quarter. Bank of America Corp DE now owns 67,458 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 60,558 shares during the period. Algert Global LLC bought a new stake in shares of YuMe during the 2nd quarter valued at $566,000. Dimensional Fund Advisors LP raised its stake in shares of YuMe by 11.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 271,424 shares of the business services provider’s stock valued at $1,110,000 after purchasing an additional 28,650 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of YuMe by 31.7% during the 2nd quarter. Acadian Asset Management LLC now owns 324,428 shares of the business services provider’s stock valued at $1,524,000 after purchasing an additional 78,146 shares during the period. Hedge funds and other institutional investors own 39.64% of the company’s stock.
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YuMe, Inc. (YUME) opened at $3.86 on Monday. The firm has a market capitalization of $133.93, a PE ratio of 38.60 and a beta of 0.55. YuMe, Inc. has a one year low of $3.11 and a one year high of $6.06.
YuMe (NYSE:YUME) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $42.82 million for the quarter. YuMe had a return on equity of 4.36% and a net margin of 2.46%.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 9th. Shareholders of record on Friday, September 29th were paid a $0.03 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.12 dividend on an annualized basis and a yield of 3.11%. YuMe’s dividend payout ratio is currently 120.01%.
YUME has been the topic of a number of analyst reports. TheStreet upgraded YuMe from a “c” rating to a “b-” rating in a research note on Wednesday, August 23rd. ValuEngine lowered YuMe from a “hold” rating to a “sell” rating in a research note on Friday, September 15th.
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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