XPEL, Inc. $XPEL Stock Holdings Lessened by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in XPEL, Inc. by 67.9% in Q1, now holding 23,182 shares valued at approximately $681,000.
• XPEL reported a 13.5% year-over-year revenue increase to $124.71 million and beat EPS estimates at $0.59, exceeding expectations of $0.52.
• The company has initiated a $50 million stock repurchase plan, indicating management's belief that the stock is undervalued.

Algert Global LLC lowered its holdings in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 67.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,182 shares of the company's stock after selling 49,017 shares during the period. Algert Global LLC owned approximately 0.08% of XPEL worth $681,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Cresset Asset Management LLC increased its position in shares of XPEL by 0.5% in the fourth quarter. Cresset Asset Management LLC now owns 108,666 shares of the company's stock worth $4,340,000 after acquiring an additional 489 shares in the last quarter. Fiera Capital Corp increased its position in shares of XPEL by 1.6% in the first quarter. Fiera Capital Corp now owns 32,500 shares of the company's stock worth $955,000 after acquiring an additional 500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of XPEL by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,375 shares of the company's stock worth $574,000 after acquiring an additional 511 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of XPEL by 12.1% in the first quarter. Victory Capital Management Inc. now owns 5,395 shares of the company's stock worth $159,000 after acquiring an additional 583 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of XPEL by 10.7% in the first quarter. Exchange Traded Concepts LLC now owns 7,758 shares of the company's stock worth $228,000 after acquiring an additional 748 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on XPEL shares. Wall Street Zen lowered shares of XPEL from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Zacks Research raised shares of XPEL to a "strong sell" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

XPEL Trading Up 1.0%

XPEL stock traded up $0.37 during mid-day trading on Thursday, hitting $37.87. 65,406 shares of the company were exchanged, compared to its average volume of 206,143. The company has a market capitalization of $1.05 billion, a PE ratio of 21.51 and a beta of 1.83. XPEL, Inc. has a twelve month low of $24.25 and a twelve month high of $47.23. The firm has a fifty day simple moving average of $36.04 and a 200 day simple moving average of $34.25.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $124.71 million during the quarter, compared to analyst estimates of $118.37 million. XPEL had a net margin of 10.84% and a return on equity of 21.17%. The firm's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. As a group, sell-side analysts anticipate that XPEL, Inc. will post 1.73 earnings per share for the current year.

XPEL declared that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.