Balyasny Asset Management L.P. Sells 46,003 Shares of XPEL, Inc. (NASDAQ:XPEL)

Balyasny Asset Management L.P. trimmed its position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 79.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,164 shares of the company's stock after selling 46,003 shares during the quarter. Balyasny Asset Management L.P.'s holdings in XPEL were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of XPEL. Quantbot Technologies LP boosted its holdings in XPEL by 46.0% in the fourth 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. Tower Research Capital LLC TRC increased its holdings in shares of XPEL by 199.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company's stock valued at $189,000 after acquiring an additional 3,153 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of XPEL in the 4th quarter valued at approximately $212,000. XTX Topco Ltd lifted its holdings in XPEL by 22.6% in the 4th 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 last quarter. Finally, State of Tennessee Department of Treasury boosted its position in XPEL by 78.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,758 shares of the company's stock worth $390,000 after purchasing an additional 4,296 shares during the period. Institutional investors and hedge funds own 75.08% of the company's stock.

XPEL Stock Down 0.7%

Shares of NASDAQ:XPEL traded down $0.28 during trading on Monday, reaching $37.49. The stock had a trading volume of 169,641 shares, compared to its average volume of 205,535. The stock has a fifty day simple moving average of $30.28 and a two-hundred day simple moving average of $37.32. XPEL, Inc. has a 52 week low of $24.25 and a 52 week high of $48.58. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.42 and a beta of 1.83.

XPEL (NASDAQ:XPEL - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.06. The company had revenue of $103.81 million during the quarter, compared to analysts' expectations of $97.40 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The business's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. On average, analysts forecast that XPEL, Inc. will post 1.73 EPS for the current year.

XPEL declared that its board has approved a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors 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.