Signia Capital Management buys $1,740,629 stake in Autobytel (ABTL)

Autobytel (ABTL) : Signia Capital Management scooped up 103,000 additional shares in Autobytel during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 114,893 shares of Autobytel which is valued at $1,740,629.Autobytel makes up approximately 5.12% of Signia Capital Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System added ABTL to its portfolio by purchasing 18,276 company shares during the most recent quarter which is valued at $276,881. Hood River Capital Management sold out all of its stake in ABTL during the most recent quarter. The investment firm sold 286 shares of ABTL which is valued $4,250.Essex Investment Management Co reduced its stake in ABTL by selling 391 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 35,494 shares of ABTL which is valued at $543,413. Autobytel makes up approx 0.09% of Essex Investment Management Co’s portfolio.

Autobytel opened for trading at $17 and hit $17.17 on the upside on Monday, eventually ending the session at $17.05, with a gain of 0.29% or 0.05 points. The heightened volatility saw the trading volume jump to 64,562 shares. Company has a market cap of $184 M.

On the company’s financial health, Autobytel reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.21. The company had revenue of $36.10 million for the quarter, compared to analysts expectations of $34.24 million. The company’s revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Autobytel Inc. is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell vehicles to consumers through the programs for online lead referrals dealer marketing products and services and online advertising programs and mobile products. Its consumer-facing automotive Websites which include its flagship Website provide consumers with information and tools to aid them with the automotive purchase decisions and the ability to submit inquiries requesting dealers to contact the consumers regarding purchasing or leasing vehicles. Its Websites provide these consumers the ability to submit inquiries requesting dealers or other lenders that may offer vehicle financing to these consumers to contact the consumers regarding vehicle financing. Its other offerings include iControl by Autobytel WebLeads+ Email Manager and Lead Call Payment Pro mobile products and services and SaleMove products and services.

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