GSA Capital Partners LLP reduced its position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 51.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,957 shares of the company's stock after selling 14,853 shares during the period. GSA Capital Partners LLP owned about 0.05% of XPEL worth $605,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in XPEL by 190.4% in the third 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. Carolina Wealth Advisors LLC acquired a new position in XPEL in the second quarter valued at approximately $50,000. nVerses Capital LLC boosted its position in XPEL by 1,800.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company's stock valued at $68,000 after purchasing an additional 1,800 shares during the period. Mendota Financial Group LLC raised its holdings in shares of XPEL by 11.4% during the second quarter. Mendota Financial Group LLC now owns 3,606 shares of the company's stock valued at $128,000 after buying an additional 370 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of XPEL during the third quarter worth approximately $208,000. 75.08% of the stock is currently owned by hedge funds and other institutional investors.
XPEL Stock Performance
Shares of NASDAQ:XPEL traded down $1.00 during trading hours on Tuesday, hitting $42.52. 179,988 shares of the company's stock traded hands, compared to its average volume of 198,358. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 24.48 and a beta of 1.85. The company's fifty day simple moving average is $42.42 and its two-hundred day simple moving average is $39.50. XPEL, Inc. has a 52 week low of $30.75 and a 52 week high of $60.49.
XPEL (NASDAQ:XPEL - Get Free Report) last released its quarterly 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%. XPEL's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. On average, analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current fiscal year.
Insider Transactions at XPEL
In related news, Director Mike Klonne sold 5,000 shares of the business's stock in a transaction that occurred 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 approximately $2,150,344. The trade was a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.50% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on XPEL shares. Craig Hallum upgraded XPEL from a "hold" rating to a "buy" rating in a research report on Thursday, August 8th. B. Riley raised shares of XPEL from a "neutral" rating to a "buy" rating and raised their target price for the company from $37.00 to $58.00 in a research note on Friday, August 9th.
Check Out Our Latest Analysis on XPEL
XPEL Company Profile
(
Free Report)
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.
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