XPEL, Inc. (NASDAQ:XPEL) Shares Sold by Edge Capital Group LLC

Edge Capital Group LLC reduced its stake in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,781,541 shares of the company's stock after selling 51,999 shares during the period. XPEL makes up approximately 3.8% of Edge Capital Group LLC's portfolio, making the stock its 3rd biggest position. Edge Capital Group LLC owned about 6.44% of XPEL worth $71,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of XPEL. Creative Planning purchased a new stake in XPEL during the third quarter worth about $208,000. Allspring Global Investments Holdings LLC purchased a new stake in XPEL during the third quarter worth about $393,000. Louisiana State Employees Retirement System increased its stake in XPEL by 2.8% during the third quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the company's stock worth $477,000 after purchasing an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in XPEL by 0.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 157,296 shares of the company's stock worth $6,822,000 after purchasing an additional 432 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in XPEL by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 12,934 shares of the company's stock worth $560,000 after purchasing an additional 441 shares during the period. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

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XPEL Price Performance

Shares of XPEL stock traded down $2.43 on Thursday, reaching $32.01. 490,703 shares of the company were exchanged, compared to its average volume of 146,855. XPEL, Inc. has a 1-year low of $30.75 and a 1-year high of $60.49. The company has a market cap of $885.01 million, a P/E ratio of 18.29 and a beta of 1.84. The stock's 50 day moving average price is $41.02 and its 200-day moving average price is $42.40.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). XPEL had a return on equity of 24.68% and a net margin of 11.61%. The company had revenue of $107.53 million for the quarter, compared to analyst estimates of $106.98 million. On average, research analysts predict that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

Insider Activity at XPEL

In related news, CEO Ryan Pape sold 13,544 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $45.20, for a total value of $612,188.80. Following the completion of the transaction, the chief executive officer now directly owns 1,072,063 shares of the company's stock, valued at $48,457,247.60. This represents a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.50% of the stock is currently owned by corporate insiders.

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.