First Trust Advisors LP Makes New Investment in XPEL, Inc. (NASDAQ:XPEL)

First Trust Advisors LP purchased a new stake in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,679 shares of the company's stock, valued at approximately $786,000. First Trust Advisors LP owned approximately 0.07% of XPEL as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of XPEL. Quantbot Technologies LP boosted its stake in XPEL by 46.0% in the 4th quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock worth $86,000 after purchasing an additional 682 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of XPEL during the fourth quarter worth about $212,000. XTX Topco Ltd lifted its holdings in shares of XPEL by 22.6% during the fourth quarter. XTX Topco Ltd now owns 8,324 shares of the company's stock worth $332,000 after purchasing an additional 1,535 shares during the period. EntryPoint Capital LLC boosted its position in XPEL by 58.0% in the fourth quarter. EntryPoint Capital LLC now owns 11,951 shares of the company's stock valued at $477,000 after buying an additional 4,387 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in XPEL during the 4th quarter valued at approximately $550,000. Institutional investors own 75.08% of the company's stock.

XPEL Stock Down 2.4 %

Shares of NASDAQ XPEL traded down $0.91 during midday trading on Friday, reaching $36.71. 250,715 shares of the stock were exchanged, compared to its average volume of 206,588. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 20.98 and a beta of 1.83. XPEL, Inc. has a twelve month low of $24.25 and a twelve month high of $48.58. The firm has a 50-day simple moving average of $29.51 and a two-hundred day simple moving average of $37.40.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.06. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The firm had revenue of $103.81 million for the quarter, compared to analyst estimates of $97.40 million. During the same period in the previous year, the firm earned $0.24 EPS. XPEL's revenue was up 15.2% on a year-over-year basis. Research analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

XPEL announced that its board has initiated a share buyback plan on Tuesday, May 6th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

XPEL 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.