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

XPEL, Inc. (NASDAQ:XPEL) was down 4.4% during mid-day trading on Thursday . The company traded as low as $42.68 and last traded at $42.66. Approximately 27,548 shares traded hands during mid-day 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 company’s 50-day simple moving average is $42.32 and its 200 day simple moving average is $41.71.

XPEL (NASDAQ:XPEL) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $112.85 million during the quarter, compared to the consensus estimate of $114.59 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. As a group, equities research analysts forecast that XPEL, Inc. will post 1.73 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Mike Klonne sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. Following the sale, the director now owns 50,008 shares in the company, valued at approximately $2,150,344. This trade represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Pape sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $42.64, for a total transaction of $852,800.00. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 58,544 shares of company stock valued at $2,606,789. Company insiders own 9.50% of the company’s stock.

Institutional Trading of XPEL

A number of hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in XPEL by 190.4% during the third quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $34,000 after buying an additional 514 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of XPEL in the 3rd quarter worth approximately $64,000. National Bank of Canada FI acquired a new stake in shares of XPEL during the 3rd quarter worth approximately $71,000. FMR LLC increased its position in shares of XPEL by 247.7% during the third quarter. FMR LLC now owns 2,799 shares of the company’s stock valued at $121,000 after purchasing an additional 1,994 shares during the period. Finally, MML Investors Services LLC acquired a new position in shares of XPEL in the third quarter valued at $205,000. 75.08% of the stock is 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.