Mike Klonne Sells 5,000 Shares of XPEL, Inc. (NASDAQ:XPEL) Stock

XPEL, Inc. (NASDAQ:XPEL) Director Mike Klonne sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

XPEL Trading Down 2.1 %

XPEL stock traded down $0.93 during trading on Tuesday, reaching $42.59. The stock had a trading volume of 150,299 shares, compared to its average volume of 198,225. XPEL, Inc. has a 52 week low of $30.75 and a 52 week high of $60.49. The firm has a market cap of $1.18 billion, a PE ratio of 24.48 and a beta of 1.85. The stock’s 50 day moving average is $42.42 and its two-hundred day moving average is $39.50.

XPEL (NASDAQ:XPEL) last announced its earnings results on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $112.85 million during the quarter, compared to analyst estimates of $114.59 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 earnings per share. On average, research analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current year.

Institutional Trading of XPEL

Several hedge funds have recently bought and sold shares of XPEL. GAMMA Investing LLC lifted its position in shares of XPEL by 190.4% in the third quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $34,000 after acquiring an additional 514 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of XPEL during the 2nd quarter valued at about $50,000. Quantbot Technologies LP bought a new stake in shares of XPEL in the third quarter worth about $64,000. National Bank of Canada FI bought a new stake in shares of XPEL in the third quarter worth about $71,000. Finally, nVerses Capital LLC boosted its stake in XPEL by 1,800.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $68,000 after buying an additional 1,800 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. B. Riley upgraded XPEL from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $58.00 in a research note on Friday, August 9th. Craig Hallum upgraded shares of XPEL from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th.

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.