Bares Capital Management Inc. Trims Stake in XPEL, Inc. (NASDAQ:XPEL)

Bares Capital Management Inc. lessened its position in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 97.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,070 shares of the company's stock after selling 661,012 shares during the quarter. XPEL accounts for approximately 0.1% of Bares Capital Management Inc.'s portfolio, making the stock its 13th largest holding. Bares Capital Management Inc. owned about 0.05% of XPEL worth $654,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in XPEL by 190.4% during the third quarter. GAMMA Investing LLC now owns 784 shares of the company's stock valued at $34,000 after buying an additional 514 shares during the period. Quantbot Technologies LP purchased a new stake in shares of XPEL during the third quarter worth about $64,000. nVerses Capital LLC boosted its holdings in shares of XPEL by 1,800.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the company's stock worth $68,000 after purchasing an additional 1,800 shares during the period. National Bank of Canada FI purchased a new stake in shares of XPEL during the third quarter worth about $71,000. Finally, FMR LLC boosted its holdings in shares of XPEL by 247.7% during the third quarter. FMR LLC now owns 2,799 shares of the company's stock worth $121,000 after purchasing an additional 1,994 shares during the period. Institutional investors own 75.08% of the company's stock.

XPEL Price Performance

XPEL traded down $0.02 on Tuesday, hitting $45.05. The company had a trading volume of 89,958 shares, compared to its average volume of 194,218. XPEL, Inc. has a 52-week low of $30.75 and a 52-week high of $60.49. The stock has a fifty day simple moving average of $42.91 and a 200-day simple moving average of $40.65. The firm has a market capitalization of $1.25 billion, a P/E ratio of 25.95 and a beta of 1.81.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The company 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%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. Equities research analysts expect 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 XPEL stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $45.20, for a total transaction of $612,188.80. Following the transaction, the chief executive officer now owns 1,072,063 shares in the company, valued at approximately $48,457,247.60. The trade was a 1.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mike Klonne sold 5,000 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold 58,544 shares of company stock valued at $2,606,789 over the last 90 days. Corporate insiders own 9.50% of the company's stock.

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.