Algert Global LLC Takes $2.46 Million Position in XPEL, Inc. (NASDAQ:XPEL)

Algert Global LLC purchased a new position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 56,709 shares of the company's stock, valued at approximately $2,459,000. Algert Global LLC owned about 0.21% of XPEL at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. bought a new position in XPEL during the 2nd quarter worth $12,021,000. Schwartz Investment Counsel Inc. increased its stake in shares of XPEL by 46.3% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 512,000 shares of the company's stock valued at $18,207,000 after purchasing an additional 162,000 shares during the last quarter. Heritage Family Offices LLP bought a new position in shares of XPEL in the 2nd quarter valued at $2,909,000. Venator Management LLC bought a new position in shares of XPEL in the 2nd quarter valued at $1,778,000. Finally, Aurora Investment Counsel bought a new stake in XPEL during the 1st quarter worth $1,936,000. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Price Performance

Shares of XPEL stock traded up $0.18 during trading hours on Wednesday, reaching $43.59. The company had a trading volume of 23,993 shares, compared to its average volume of 196,862. XPEL, Inc. has a 12 month low of $30.75 and a 12 month high of $60.49. The business has a fifty day simple moving average of $42.57 and a 200-day simple moving average of $39.99. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 24.81 and a beta of 1.85.

XPEL (NASDAQ:XPEL - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The business had revenue of $112.85 million during the quarter, compared to the consensus estimate of $114.59 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The business's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.56 earnings per share. On average, equities research analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current year.

Insider Activity at XPEL

In other news, Director Mike Klonne sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. Following the sale, the director now directly owns 50,008 shares of the company's stock, valued at $2,150,344. The trade was a 9.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Pape sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $42.64, for a total value of $852,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,105,607 shares in the company, valued at approximately $47,143,082.48. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,000 shares of company stock valued at $1,994,600. Company insiders own 9.50% of the company's stock.

Wall Street Analysts Forecast Growth

XPEL has been the topic of a number of research reports. B. Riley upgraded XPEL from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $37.00 to $58.00 in a research report on Friday, August 9th. Craig Hallum upgraded XPEL from a "hold" rating to a "buy" rating in a research report on Thursday, August 8th.

About XPEL

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.