Franklin Resources Inc. Makes New $686,000 Investment in XPEL, Inc. (NASDAQ:XPEL)

Franklin Resources Inc. bought a new position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,256 shares of the company's stock, valued at approximately $686,000. Franklin Resources Inc. owned 0.06% of XPEL as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Mawer Investment Management Ltd. purchased a new stake in shares of XPEL in the 2nd quarter valued at approximately $12,021,000. Wasatch Advisors LP lifted its stake in XPEL by 4.5% in the 3rd quarter. Wasatch Advisors LP now owns 3,932,402 shares of the company's stock worth $170,548,000 after acquiring an additional 170,265 shares in the last quarter. Algert Global LLC acquired a new stake in XPEL during the 3rd quarter worth about $2,459,000. Venator Management LLC purchased a new position in XPEL during the 2nd quarter valued at about $1,778,000. Finally, Barclays PLC increased its holdings in shares of XPEL by 79.5% in the 3rd quarter. Barclays PLC now owns 78,646 shares of the company's stock valued at $3,411,000 after purchasing an additional 34,830 shares during the period. 75.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at XPEL

In other XPEL news, Director Mike Klonne sold 5,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. Following the transaction, the director now directly owns 50,008 shares of the company's stock, valued at $2,150,344. This represents a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 dated 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 of the company's stock, valued at $47,143,082.48. This represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,544 shares of company stock valued at $2,606,789. 9.50% of the stock is owned by corporate insiders.

XPEL Stock Performance

Shares of XPEL stock traded down $0.04 during trading on Monday, hitting $39.61. 67,939 shares of the company were exchanged, compared to its average volume of 190,872. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 22.63 and a beta of 1.81. The business's 50-day simple moving average is $42.77 and its 200 day simple moving average is $41.07. XPEL, Inc. has a twelve month low of $30.75 and a twelve month high of $60.49.

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

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.