Sei Investments Co. Makes New Investment in XPEL, Inc. (NASDAQ:XPEL)

Sei Investments Co. acquired a new stake in shares of XPEL, Inc. (NASDAQ:XPEL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,415 shares of the company’s stock, valued at approximately $1,125,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XPEL. Advisor Group Holdings Inc. boosted its position in shares of XPEL by 10.9% in the second quarter. Advisor Group Holdings Inc. now owns 1,560 shares of the company’s stock worth $131,000 after purchasing an additional 153 shares during the period. IFP Advisors Inc raised its stake in shares of XPEL by 24.1% in the second quarter. IFP Advisors Inc now owns 2,413 shares of the company’s stock valued at $199,000 after acquiring an additional 468 shares during the period. Eqis Capital Management Inc. bought a new position in shares of XPEL in the first quarter worth about $224,000. Quantbot Technologies LP bought a new position in shares of XPEL in the first quarter worth about $241,000. Finally, Squarepoint Ops LLC bought a new position in XPEL during the 1st quarter worth about $243,000. 34.45% of the stock is owned by hedge funds and other institutional investors.

Shares of XPEL opened at $80.14 on Tuesday. The firm has a market cap of $2.21 billion, a P/E ratio of 74.20 and a beta of 2.36. The company’s 50-day moving average price is $82.20 and its 200 day moving average price is $74.79. XPEL, Inc. has a 12-month low of $22.56 and a 12-month high of $103.84.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Monday, August 9th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.13. XPEL had a return on equity of 51.64% and a net margin of 13.81%. The business had revenue of $68.74 million during the quarter, compared to the consensus estimate of $55.15 million. As a group, research analysts anticipate that XPEL, Inc. will post 1.26 earnings per share for the current year.

Several equities analysts recently commented on XPEL shares. Zacks Investment Research raised shares of XPEL from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Friday, August 13th. TheStreet raised shares of XPEL from a “c” rating to an “a-” rating in a research note on Monday, June 28th. Finally, Craig Hallum lifted their target price on shares of XPEL from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, May 26th.

In other XPEL news, CEO Ryan Pape sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 30th. The stock was sold at an average price of $83.85, for a total value of $670,800.00. Following the completion of the sale, the chief executive officer now owns 1,257,002 shares in the company, valued at $105,399,617.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Constantine sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 13th. The shares were sold at an average price of $83.01, for a total value of $2,075,250.00. The disclosure for this sale can be found here. Insiders sold 347,500 shares of company stock valued at $28,359,975 over the last ninety days. 35.60% of the stock is currently owned by corporate insiders.

About XPEL

XPEL, Inc engages in the manufacture and distribution of automotive products. It offers paint protection, aumototive, and flat glass window films, and plotters. The company was founded on October 14, 2003 and is headquartered in San Antonio, TX.

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Institutional Ownership by Quarter for XPEL (NASDAQ:XPEL)

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