Autobytel Inc. (ABTL) Shares Bought by Hancock Holding Co.
Hancock Holding Co. boosted its holdings in Autobytel Inc. (NASDAQ:ABTL) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,870 shares of the information services provider’s stock after purchasing an additional 790 shares during the period. Hancock Holding Co. owned about 0.13% of Autobytel worth $188,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Lyon Street Capital LLC grew its stake in Autobytel by 3.7% in the 1st quarter. Lyon Street Capital LLC now owns 519,602 shares of the information services provider’s stock valued at $6,511,000 after purchasing an additional 18,600 shares during the period. Vanguard Group Inc. increased its position in shares of Autobytel by 9.1% during the 2nd quarter. Vanguard Group Inc. now owns 473,857 shares of the information services provider’s stock valued at $5,976,000 after purchasing an additional 39,688 shares during the last quarter. Signia Capital Management LLC increased its position in shares of Autobytel by 4.3% during the 2nd quarter. Signia Capital Management LLC now owns 377,383 shares of the information services provider’s stock valued at $4,759,000 after purchasing an additional 15,484 shares during the last quarter. Adirondack Research & Management Inc. increased its position in shares of Autobytel by 7.9% during the 2nd quarter. Adirondack Research & Management Inc. now owns 283,575 shares of the information services provider’s stock valued at $3,576,000 after purchasing an additional 20,712 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Autobytel by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 279,875 shares of the information services provider’s stock valued at $3,507,000 after purchasing an additional 1,680 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Autobytel Inc. (NASDAQ ABTL) opened at 7.13 on Tuesday. The company has a market cap of $78.58 million, a PE ratio of 24.59 and a beta of 0.97. The company has a 50 day moving average of $7.68 and a 200-day moving average of $11.09. Autobytel Inc. has a 12-month low of $6.63 and a 12-month high of $18.30.
Autobytel (NASDAQ:ABTL) last released its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. Autobytel had a return on equity of 10.96% and a net margin of 3.15%. The company had revenue of $34.60 million during the quarter, compared to the consensus estimate of $34.30 million. During the same period last year, the company earned $0.24 EPS. Autobytel’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts anticipate that Autobytel Inc. will post $0.78 earnings per share for the current year.
Autobytel announced that its Board of Directors has approved a share repurchase program on Wednesday, September 6th that authorizes the company to repurchase $3.00 million in shares. This repurchase authorization authorizes the information services provider to repurchase up to 34% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
A number of equities research analysts have recently commented on the company. ValuEngine upgraded Autobytel from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of Autobytel from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. B. Riley restated a “buy” rating and set a $12.00 price target on shares of Autobytel in a research report on Friday, August 4th. Finally, Barrington Research downgraded shares of Autobytel from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th.
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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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