XPEL (NASDAQ:XPEL) Shares Gap Down After Earnings Miss

XPEL, Inc. (NASDAQ:XPEL)’s stock price gapped down before the market opened on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $40.33, but opened at $33.69. XPEL shares last traded at $34.74, with a volume of 82,671 shares trading hands.

The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). XPEL had a net margin of 11.61% and a return on equity of 24.68%.

Insider Transactions at XPEL

In other XPEL news, CEO Ryan Pape sold 13,544 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $45.20, for a total value of $612,188.80. Following the completion of the transaction, the chief executive officer now directly owns 1,072,063 shares in the company, valued at approximately $48,457,247.60. This represents a 1.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.50% of the company’s stock.

Hedge Funds Weigh In On XPEL

Several hedge funds and other institutional investors have recently modified their holdings of XPEL. Mirabella Financial Services LLP bought a new stake in XPEL during the 4th quarter valued at approximately $8,855,000. Wasatch Advisors LP lifted its stake in shares of XPEL by 4.5% in the 3rd quarter. Wasatch Advisors LP now owns 3,932,402 shares of the company’s stock valued at $170,548,000 after purchasing an additional 170,265 shares during the period. LHM Inc. bought a new stake in shares of XPEL during the fourth quarter valued at approximately $4,887,000. Rockefeller Capital Management L.P. grew its stake in XPEL by 47.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 193,046 shares of the company’s stock worth $7,714,000 after purchasing an additional 61,930 shares during the period. Finally, Algert Global LLC bought a new position in XPEL in the third quarter worth $2,459,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

XPEL Price Performance

The firm has a market cap of $964.92 million, a PE ratio of 20.08 and a beta of 1.84. The firm has a 50-day simple moving average of $41.17 and a 200 day simple moving average of $42.46.

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.