Russell Investments Group Ltd. decreased its position in Autobytel Inc. (NASDAQ:ABTL) by 38.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,171 shares of the information services provider’s stock after selling 96,489 shares during the period. Russell Investments Group Ltd.’s holdings in Autobytel were worth $1,943,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of Autobytel during the first quarter worth about $151,000. Highbridge Capital Management LLC acquired a new position in shares of Autobytel during the fourth quarter worth about $261,000. First Wilshire Securities Management Inc. acquired a new position in shares of Autobytel during the fourth quarter worth about $293,000. Menta Capital LLC acquired a new position in shares of Autobytel during the fourth quarter worth about $373,000. Finally, Trexquant Investment LP acquired a new position in shares of Autobytel during the fourth quarter worth about $391,000. Institutional investors own 64.86% of the company’s stock.

Institutional Ownership by Quarter for Autobytel (NASDAQ:ABTL)

Shares of Autobytel Inc. (NASDAQ:ABTL) opened at 12.32 on Friday. The stock has a 50 day moving average price of $12.88 and a 200 day moving average price of $13.08. The firm has a market cap of $136.39 million, a price-to-earnings ratio of 34.32 and a beta of 0.92. Autobytel Inc. has a one year low of $10.72 and a one year high of $18.39.

Autobytel (NASDAQ:ABTL) last announced its quarterly earnings data on Thursday, May 4th. The information services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.07. The firm had revenue of $37.34 million for the quarter, compared to analyst estimates of $35.05 million. Autobytel had a return on equity of 11.95% and a net margin of 3.19%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. On average, equities research analysts forecast that Autobytel Inc. will post $1.26 EPS for the current year.

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ABTL has been the subject of several research analyst reports. B. Riley restated a “buy” rating and issued a $20.00 price objective on shares of Autobytel in a report on Wednesday, May 10th. Zacks Investment Research upgraded Autobytel from a “sell” rating to a “hold” rating in a report on Tuesday, February 28th. Finally, ValuEngine lowered Autobytel from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

In other news, EVP John J. Skocilic, Jr. sold 4,774 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $12.66, for a total value of $60,438.84. Following the transaction, the executive vice president now directly owns 11,083 shares in the company, valued at approximately $140,310.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Glenn Evan Fuller sold 13,907 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $13.75, for a total value of $191,221.25. Following the completion of the transaction, the chief accounting officer now owns 20,607 shares in the company, valued at $283,346.25. The disclosure for this sale can be found here. Insiders sold a total of 80,778 shares of company stock worth $1,060,935 over the last 90 days. 13.30% of the stock is owned by corporate insiders.

About Autobytel

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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