XPEL (NASDAQ:XPEL) Shares Down 4.4% – Here’s What Happened

XPEL, Inc. (NASDAQ:XPEL) shares were down 4.4% during mid-day trading on Thursday . The company traded as low as $42.68 and last traded at $42.66. Approximately 27,548 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 98,808 shares. The stock had previously closed at $44.62.

XPEL Price Performance

The company has a market capitalization of $1.18 billion, a P/E ratio of 24.41 and a beta of 1.83. The firm’s 50-day moving average is $42.42 and its 200-day moving average is $41.65.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm 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 was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. As a group, analysts forecast that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ryan Pape sold 20,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.34, for a total transaction of $926,800.00. Following the completion of the sale, the chief executive officer now owns 1,085,607 shares in the company, valued at approximately $50,307,028.38. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mike Klonne sold 5,000 shares of XPEL stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. Following the sale, the director now directly owns 50,008 shares in the company, valued at $2,150,344. This trade represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,544 shares of company stock valued at $2,606,789 in the last ninety days. Corporate insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On XPEL

Institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its position in shares of XPEL by 2.8% during the third 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 during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of XPEL by 0.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 157,296 shares of the company’s stock valued at $6,822,000 after purchasing an additional 432 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of XPEL by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 12,934 shares of the company’s stock valued at $560,000 after purchasing an additional 441 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of XPEL by 19.3% in the third quarter. Handelsbanken Fonder AB now owns 7,422 shares of the company’s stock worth $322,000 after buying an additional 1,200 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

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.