XPEL, Inc. (NASDAQ:XPEL) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP lessened its holdings in XPEL, Inc. (NASDAQ:XPEL) by 45.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 37,899 shares of the company’s stock after selling 31,599 shares during the period. Concentric Capital Strategies LP’s holdings in XPEL were worth $1,644,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Mawer Investment Management Ltd. acquired a new position in XPEL in the second quarter valued at about $12,021,000. Wasatch Advisors LP lifted its holdings in shares of XPEL by 4.5% in the 3rd quarter. Wasatch Advisors LP now owns 3,932,402 shares of the company’s stock worth $170,548,000 after acquiring an additional 170,265 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its position in shares of XPEL by 46.3% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 512,000 shares of the company’s stock worth $18,207,000 after purchasing an additional 162,000 shares during the period. Heritage Family Offices LLP acquired a new stake in XPEL in the 2nd quarter valued at approximately $2,909,000. Finally, Algert Global LLC purchased a new stake in XPEL in the third quarter valued at approximately $2,459,000. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on XPEL. Craig Hallum upgraded XPEL from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. B. Riley upgraded 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 report on Friday, August 9th.

Insider Activity

In other XPEL news, Director Mike Klonne sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Pape sold 20,000 shares of XPEL stock in a transaction dated Tuesday, November 19th. The stock was 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 $47,143,082.48. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,000 shares of company stock worth $1,994,600. 9.50% of the stock is currently owned by company insiders.

XPEL Stock Up 6.0 %

Shares of XPEL opened at $46.12 on Tuesday. XPEL, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $60.49. The company has a market cap of $1.28 billion, a P/E ratio of 26.35 and a beta of 1.81. The firm’s 50 day moving average price is $42.58 and its 200 day moving average price is $40.17.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The business had revenue of $112.85 million for the quarter, compared to analysts’ expectations of $114.59 million. During the same period last year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts forecast that XPEL, Inc. will post 1.73 earnings per share for the current year.

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.