Horrell Capital Management Inc. lowered its stake in YuMe, Inc. (NYSE:YUME) by 36.0% during the second quarter, Holdings Channel reports. The institutional investor owned 560,000 shares of the business services provider’s stock after selling 315,000 shares during the period. YuMe makes up approximately 1.6% of Horrell Capital Management Inc.’s holdings, making the stock its 21st largest position. Horrell Capital Management Inc. owned 1.64% of YuMe worth $2,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of YUME. Bank of New York Mellon Corp raised its stake in shares of 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 period. Acrospire Investment Management LLC increased 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. Dimensional Fund Advisors LP increased its position in shares of YuMe by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 242,774 shares of the business services provider’s stock worth $869,000 after buying an additional 27,066 shares in the last quarter. Spark Investment Management LLC increased 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, Renaissance Technologies LLC increased its position in shares of 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 in the last quarter. 38.71% of the stock is owned by hedge funds and other institutional investors.

YuMe, Inc. (YUME) traded down 0.0168% on Friday, reaching $4.7592. 27,450 shares of the company’s stock were exchanged. The firm’s market capitalization is $162.83 million. The firm has a 50-day moving average of $4.71 and a 200-day moving average of $3.98. YuMe, Inc. has a 12 month low of $3.11 and a 12 month high of $5.85.

The firm also recently announced a special dividend, which was paid on Friday, July 7th. Stockholders of record on Monday, July 3rd were paid a $0.03 dividend. The ex-dividend date was Thursday, June 29th. YuMe’s dividend payout ratio (DPR) is presently -33.33%.

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

About YuMe

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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Institutional Ownership by Quarter for YuMe (NYSE:YUME)

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