Concentric Capital Strategies LP Sells 31,599 Shares of XPEL, Inc. (NASDAQ:XPEL)

Concentric Capital Strategies LP reduced its position in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 45.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,899 shares of the company's stock after selling 31,599 shares during the period. Concentric Capital Strategies LP owned 0.14% of XPEL worth $1,644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its stake in XPEL by 21.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 156,864 shares of the company's stock worth $5,578,000 after purchasing an additional 27,276 shares in the last quarter. Vanguard Group Inc. boosted its holdings in XPEL by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company's stock worth $80,918,000 after buying an additional 22,180 shares during the last quarter. Venator Management LLC purchased a new position in XPEL in the 2nd quarter worth approximately $1,778,000. Mawer Investment Management Ltd. purchased a new stake in shares of XPEL during the 2nd quarter valued at approximately $12,021,000. Finally, Janus Henderson Group PLC raised its position in XPEL by 3.4% in the first quarter. Janus Henderson Group PLC now owns 18,401 shares of the company's stock valued at $994,000 after purchasing an additional 605 shares during the period. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

XPEL Stock Performance

Shares of NASDAQ:XPEL traded down $0.40 during mid-day trading on Tuesday, hitting $45.72. The stock had a trading volume of 30,840 shares, compared to its average volume of 195,927. The company has a market cap of $1.26 billion, a PE ratio of 26.35 and a beta of 1.81. XPEL, Inc. has a 12-month low of $30.75 and a 12-month high of $60.49. The company's 50 day moving average is $42.58 and its 200-day moving average is $40.17.

XPEL (NASDAQ:XPEL - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 11.61% and a return on equity of 24.68%. XPEL's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. On average, equities research analysts predict that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling at XPEL

In related news, CEO Ryan Pape sold 20,000 shares of XPEL stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $42.64, for a total transaction of $852,800.00. Following the completion of the transaction, the chief executive officer now owns 1,105,607 shares in the company, valued at approximately $47,143,082.48. This trade represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 owns 50,008 shares of the company's stock, valued at approximately $2,150,344. This represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,000 shares of company stock worth $1,994,600. Insiders own 9.50% of the company's stock.

Wall Street Analyst Weigh In

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

XPEL Company Profile

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.