YuMe, Inc. (NYSE:YUME) announced a special dividend on Thursday, June 22nd, Fidelity reports. Investors of record on Monday, July 3rd will be paid a dividend of 0.03 per share by the business services provider on Friday, July 7th. The ex-dividend date is Thursday, June 29th.

YuMe (YUME) traded up 8.32% during midday trading on Friday, reaching $5.34. 476,317 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $4.47 and its 200-day moving average is $3.90. YuMe has a 12-month low of $3.11 and a 12-month high of $5.39. The stock’s market capitalization is $182.70 million.

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Separately, ValuEngine upgraded shares of YuMe from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $3.35.

Several hedge funds have recently added to or reduced their stakes in YUME. Bank of New York Mellon Corp raised its stake in 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 during the last quarter. Vanguard Group Inc. raised its stake in YuMe by 0.5% in the first quarter. Vanguard Group Inc. now owns 678,583 shares of the business services provider’s stock worth $2,775,000 after buying an additional 3,319 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 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 during the last quarter. Morgan Stanley raised its stake in YuMe by 40.2% in the first quarter. Morgan Stanley now owns 131,989 shares of the business services provider’s stock worth $540,000 after buying an additional 37,827 shares during the last quarter. Finally, Renaissance Technologies LLC raised 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 worth $2,126,000 after buying an additional 59,350 shares during the last quarter. Hedge funds and other institutional investors own 38.75% of the company’s stock.

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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