Edge Capital Group LLC Has $71.16 Million Stake in XPEL, Inc. (NASDAQ:XPEL)

Edge Capital Group LLC trimmed its holdings in shares of XPEL, Inc. (NASDAQ:XPEL) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,781,541 shares of the company’s stock after selling 51,999 shares during the quarter. XPEL accounts for approximately 3.8% of Edge Capital Group LLC’s investment portfolio, making the stock its 3rd largest holding. Edge Capital Group LLC owned approximately 6.44% of XPEL worth $71,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in XPEL. Creative Planning bought a new stake in shares of XPEL during the third quarter worth $208,000. Allspring Global Investments Holdings LLC purchased a new position in shares of XPEL during the third quarter valued at $393,000. Louisiana State Employees Retirement System increased its stake in shares of XPEL by 2.8% during the third quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the company’s stock valued at $477,000 after buying an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of XPEL by 0.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 157,296 shares of the company’s stock valued at $6,822,000 after buying an additional 432 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of XPEL by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 12,934 shares of the company’s stock valued at $560,000 after buying an additional 441 shares during the period. 75.08% of the stock is currently owned by institutional investors.

Insider Activity

In other XPEL news, CEO Ryan Pape sold 13,544 shares of XPEL stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $45.20, for a total value of $612,188.80. Following the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.50% of the company’s stock.

XPEL Trading Down 2.8 %

Shares of XPEL stock opened at $41.35 on Monday. The firm has a market cap of $1.14 billion, a P/E ratio of 23.63 and a beta of 1.84. XPEL, Inc. has a 12 month low of $30.75 and a 12 month high of $60.49. The stock’s fifty day moving average price is $41.29 and its 200-day moving average price is $42.53.

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.