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

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

XPEL Stock Down 0.7 %

The company has a market capitalization of $1.17 billion, a P/E ratio of 24.28 and a beta of 1.83. The stock has a fifty day simple moving average of $42.32 and a 200-day simple moving average of $41.71.

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

Insiders Place Their Bets

In other XPEL news, Director Mike Klonne sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the transaction, the director now owns 50,008 shares of the company’s stock, valued at approximately $2,150,344. This represents a 9.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Pape sold 20,000 shares of XPEL stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.34, for a total value of $926,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,085,607 shares of the company’s stock, valued at $50,307,028.38. This trade represents a 1.81 % decrease in their ownership of the stock. 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 90 days. 9.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its position in shares of XPEL by 4.5% during the 3rd quarter. Wasatch Advisors LP now owns 3,932,402 shares of the company’s stock worth $170,548,000 after buying an additional 170,265 shares during the period. State Street Corp boosted its stake in XPEL by 4.0% in the third quarter. State Street Corp now owns 842,141 shares of the company’s stock valued at $36,524,000 after acquiring an additional 32,188 shares during the last quarter. Geode Capital Management LLC grew its holdings in XPEL by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 571,880 shares of the company’s stock worth $24,807,000 after acquiring an additional 25,526 shares during the period. Mawer Investment Management Ltd. raised its position in shares of XPEL by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 348,947 shares of the company’s stock valued at $15,134,000 after acquiring an additional 10,910 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of XPEL by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 207,423 shares of the company’s stock valued at $8,996,000 after purchasing an additional 8,445 shares during the period. 75.08% of the stock is currently owned by institutional investors and hedge funds.

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.