XPEL, Inc. (NASDAQ:XPEL - Get Free Report) gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $40.33, but opened at $33.69. XPEL shares last traded at $34.74, with a volume of 82,671 shares trading hands.
The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The business had revenue of $107.53 million for the quarter, compared to the consensus estimate of $106.98 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%.
Insider Buying and Selling
In other XPEL news, CEO Ryan Pape sold 13,544 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were 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 in the company, valued at $48,457,247.60. This trade represents a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 9.50% of the company's stock.
Institutional Investors Weigh In On XPEL
Hedge funds have recently made changes to their positions in the company. Creative Planning purchased a new stake in shares of XPEL in the third quarter valued at $208,000. Allspring Global Investments Holdings LLC purchased a new stake in XPEL in the 3rd quarter worth about $393,000. Louisiana State Employees Retirement System lifted its stake in XPEL by 2.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the company's stock worth $477,000 after acquiring an additional 300 shares in the last quarter. State of Alaska Department of Revenue boosted its position in XPEL by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,934 shares of the company's stock worth $560,000 after acquiring an additional 441 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in XPEL during the 3rd quarter valued at about $341,000. Hedge funds and other institutional investors own 75.08% of the company's stock.
XPEL Stock Performance
The company has a 50 day simple moving average of $40.68 and a two-hundred day simple moving average of $42.26. The company has a market cap of $924.27 million, a PE ratio of 19.10 and a beta of 1.84.
About XPEL
(
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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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