XPEL (NASDAQ:XPEL) Trading Down 6.8% – Here’s What Happened

XPEL, Inc. (NASDAQ:XPEL)’s stock price was down 6.8% on Monday . The company traded as low as $38.96 and last traded at $39.09. Approximately 43,945 shares were traded during trading, a decline of 58% from the average daily volume of 105,683 shares. The stock had previously closed at $41.93.

XPEL Stock Down 4.1 %

The business’s 50-day moving average price is $42.18 and its 200 day moving average price is $42.02. The company has a market capitalization of $1.11 billion, a P/E ratio of 22.97 and a beta of 1.84.

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

Insider Activity

In other XPEL news, CEO Ryan Pape sold 13,544 shares of XPEL stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $45.20, for a total transaction of $612,188.80. Following the completion of the sale, the chief executive officer now directly owns 1,072,063 shares in the company, valued at $48,457,247.60. The trade was a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 transaction of $215,000.00. Following the sale, the director now 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,544 shares of company stock worth $2,606,789. 9.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On XPEL

Several hedge funds have recently bought and sold shares of XPEL. The Manufacturers Life Insurance Company lifted its position in XPEL by 14.4% during the second quarter. The Manufacturers Life Insurance Company now owns 13,142 shares of the company’s stock valued at $467,000 after purchasing an additional 1,653 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of XPEL by 80.4% during the third quarter. SG Americas Securities LLC now owns 24,098 shares of the company’s stock worth $1,045,000 after acquiring an additional 10,741 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of XPEL by 19.3% during the third quarter. Handelsbanken Fonder AB now owns 7,422 shares of the company’s stock worth $322,000 after acquiring an additional 1,200 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of XPEL by 190.4% during the third quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $34,000 after acquiring an additional 514 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of XPEL during the third quarter worth approximately $304,000. 75.08% of the stock is currently owned by 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.