Autobytel Inc. (ABTL) Stake Raised by Thomson Horstmann & Bryant Inc.
Thomson Horstmann & Bryant Inc. boosted its stake in Autobytel Inc. (NASDAQ:ABTL) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 436,455 shares of the information services provider’s stock after buying an additional 21,850 shares during the period. Thomson Horstmann & Bryant Inc. owned about 3.96% of Autobytel worth $5,468,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rice Hall James & Associates LLC raised its position in Autobytel by 0.6% in the first quarter. Rice Hall James & Associates LLC now owns 165,306 shares of the information services provider’s stock valued at $2,071,000 after buying an additional 1,016 shares during the period. Highbridge Capital Management LLC purchased a new position in Autobytel during the fourth quarter valued at approximately $261,000. First Wilshire Securities Management Inc. purchased a new position in Autobytel during the fourth quarter valued at approximately $293,000. Two Sigma Investments LP raised its position in Autobytel by 128.5% in the fourth quarter. Two Sigma Investments LP now owns 33,207 shares of the information services provider’s stock valued at $447,000 after buying an additional 18,673 shares during the period. Finally, Menta Capital LLC purchased a new position in Autobytel during the fourth quarter valued at approximately $373,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.
Autobytel Inc. (NASDAQ:ABTL) traded up 0.24% on Friday, hitting $12.28. 77,126 shares of the company traded hands. The stock’s 50-day moving average is $12.57 and its 200 day moving average is $13.81. The firm has a market capitalization of $135.34 million, a P/E ratio of 42.34 and a beta of 1.25. Autobytel Inc. has a 12 month low of $10.72 and a 12 month high of $19.04.
Autobytel (NASDAQ:ABTL) last announced its earnings results on Thursday, March 9th. The information services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $40.38 million for the quarter, compared to analysts’ expectations of $37.46 million. Autobytel had a net margin of 2.54% and a return on equity of 12.15%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Equities analysts forecast that Autobytel Inc. will post $1.26 EPS for the current fiscal year.
Several research firms recently commented on ABTL. B. Riley reiterated a “buy” rating and set a $20.00 price objective on shares of Autobytel in a research note on Monday, March 27th. Zacks Investment Research lowered shares of Autobytel from a “hold” rating to a “sell” rating in a research note on Thursday, March 16th.
Autobytel Inc is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.
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