Ryan Pape Sells 20,000 Shares of XPEL, Inc. (NASDAQ:XPEL) Stock

XPEL, Inc. (NASDAQ:XPEL) CEO Ryan Pape sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $42.64, for a total transaction of $852,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,105,607 shares in the company, valued at $47,143,082.48. This trade represents a 1.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

XPEL Price Performance

NASDAQ:XPEL opened at $43.25 on Thursday. The firm has a 50 day simple moving average of $42.45 and a 200-day simple moving average of $39.60. The firm has a market cap of $1.20 billion, a PE ratio of 24.71 and a beta of 1.85. XPEL, Inc. has a 1-year low of $30.75 and a 1-year high of $60.49.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings data 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 net margin of 11.61% and a return on equity of 24.68%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, sell-side analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPEL

A number of institutional investors have recently modified their holdings of XPEL. Mawer Investment Management Ltd. acquired a new position in shares of XPEL in the second quarter valued at approximately $12,021,000. Wasatch Advisors LP increased its position in XPEL by 4.5% during the third quarter. Wasatch Advisors LP now owns 3,932,402 shares of the company’s stock worth $170,548,000 after purchasing an additional 170,265 shares during the last quarter. Schwartz Investment Counsel Inc. increased its position in XPEL by 46.3% during the second 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 last quarter. Capital World Investors increased its position in XPEL by 14.7% during the first quarter. Capital World Investors now owns 1,036,709 shares of the company’s stock worth $56,003,000 after purchasing an additional 133,182 shares during the last quarter. Finally, Heritage Family Offices LLP acquired a new position in XPEL during the second quarter worth approximately $2,909,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

Wall Street Analyst Weigh In

XPEL has been the topic of several recent research reports. B. Riley raised shares of XPEL from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $58.00 in a report on Friday, August 9th. Craig Hallum raised shares of XPEL from a “hold” rating to a “buy” rating in a report on Thursday, August 8th.

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.