Laurus Investment Counsel Inc. Acquires 10,600 Shares of XPEL, Inc. (NASDAQ:XPEL)

Laurus Investment Counsel Inc. lifted its holdings in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 29.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,530 shares of the company's stock after purchasing an additional 10,600 shares during the period. XPEL comprises approximately 1.0% of Laurus Investment Counsel Inc.'s investment portfolio, making the stock its 25th largest holding. Laurus Investment Counsel Inc. owned 0.17% of XPEL worth $1,858,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of XPEL by 190.4% during the 3rd quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $34,000 after purchasing an additional 514 shares during the period. Quantbot Technologies LP bought a new stake in XPEL in the 3rd quarter valued at about $64,000. National Bank of Canada FI bought a new stake in XPEL in the 3rd quarter valued at about $71,000. FMR LLC raised its stake in XPEL by 247.7% in the 3rd quarter. FMR LLC now owns 2,799 shares of the company's stock valued at $121,000 after acquiring an additional 1,994 shares during the period. Finally, MML Investors Services LLC bought a new stake in XPEL in the 3rd quarter valued at about $205,000. 75.08% of the stock is currently owned by institutional investors.

XPEL Stock Up 3.1 %

XPEL stock traded up $1.27 during midday trading on Wednesday, reaching $42.39. The stock had a trading volume of 137,375 shares, compared to its average volume of 111,173. XPEL, Inc. has a 12 month low of $30.75 and a 12 month high of $60.49. The firm's 50-day moving average price is $42.00 and its 200 day moving average price is $42.07. The firm has a market capitalization of $1.17 billion, a PE ratio of 24.32 and a beta of 1.84.

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

Insider Transactions at XPEL

In other news, Director Mike Klonne sold 5,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. Following the completion of the sale, the director now owns 50,008 shares of the company's stock, valued at approximately $2,150,344. The trade was a 9.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Pape sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $42.64, for a total value of $852,800.00. Following the sale, the chief executive officer now directly owns 1,105,607 shares of the company's stock, valued at approximately $47,143,082.48. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,544 shares of company stock valued at $2,606,789. 9.50% of the stock is owned by corporate insiders.

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.