XPEL (NASDAQ:XPEL) Stock Price Down 6.8% – What’s Next?

XPEL, Inc. (NASDAQ:XPEL) fell 6.8% during mid-day trading on Monday . The company traded as low as $38.96 and last traded at $39.09. 43,945 shares were traded during mid-day trading, a decline of 58% from the average session volume of 105,683 shares. The stock had previously closed at $41.93.

XPEL Price Performance

The firm has a market capitalization of $1.18 billion, a PE ratio of 24.29 and a beta of 1.84. The firm has a fifty day moving average price of $42.00 and a 200 day moving average price of $42.07.

XPEL (NASDAQ:XPEL) last announced its earnings results on Thursday, November 7th. The company reported $0.54 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 analysts’ expectations of $114.59 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.56 earnings per share. On average, sell-side analysts expect that XPEL, Inc. will post 1.73 EPS for the current year.

Insider Activity at XPEL

In other XPEL news, CEO Ryan Pape sold 20,000 shares of XPEL stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $42.64, for a total value 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. The trade was a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Klonne sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $43.00, for a total value of $215,000.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 58,544 shares of company stock valued at $2,606,789. Corporate insiders own 9.50% of the company’s stock.

Institutional Trading of XPEL

A number of institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in shares of XPEL by 14.4% during the second quarter. The Manufacturers Life Insurance Company now owns 13,142 shares of the company’s stock worth $467,000 after purchasing an additional 1,653 shares during the last quarter. SG Americas Securities LLC grew its position in shares of XPEL by 80.4% during the 3rd quarter. SG Americas Securities LLC now owns 24,098 shares of the company’s stock worth $1,045,000 after buying an additional 10,741 shares during the period. Handelsbanken Fonder AB increased its stake in XPEL by 19.3% in the third quarter. Handelsbanken Fonder AB now owns 7,422 shares of the company’s stock valued at $322,000 after purchasing an additional 1,200 shares in the last quarter. GAMMA Investing LLC raised its stake in XPEL by 190.4% during the 3rd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $34,000 after buying an additional 514 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of XPEL during the third quarter worth about $304,000. 75.08% of the stock is currently owned by institutional investors.

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.