Bridges Investment Management Inc. Purchases 27,826 Shares of XPEL, Inc. (NASDAQ:XPEL)

Bridges Investment Management Inc. raised its position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) by 111.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,823 shares of the company's stock after purchasing an additional 27,826 shares during the quarter. Bridges Investment Management Inc. owned about 0.19% of XPEL worth $1,552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eukles Asset Management bought a new position in shares of XPEL in the first quarter valued at $35,000. Quantbot Technologies LP grew its holdings in shares of 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 acquiring an additional 682 shares during the last quarter. GAMMA Investing LLC raised its position in shares of XPEL by 308.2% during the first quarter. GAMMA Investing LLC now owns 3,339 shares of the company's stock worth $98,000 after purchasing an additional 2,521 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of XPEL by 199.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company's stock valued at $189,000 after purchasing an additional 3,153 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of XPEL during the fourth quarter valued at $210,000. 75.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised XPEL from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st.

XPEL Stock Down 6.1%

Shares of XPEL stock traded down $2.29 during trading hours on Friday, reaching $35.46. 166,904 shares of the stock traded hands, compared to its average volume of 196,325. The firm has a market capitalization of $981.18 million, a PE ratio of 20.74 and a beta of 1.83. XPEL, Inc. has a 1-year low of $24.25 and a 1-year high of $48.58. The business has a fifty day moving average price of $36.65 and a 200 day moving average price of $35.45.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its earnings results 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. The company had revenue of $103.81 million for the quarter, compared to the consensus estimate of $97.40 million. XPEL had a net margin of 10.92% and a return on equity of 21.89%. The company's revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 EPS. Research analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current fiscal year.

XPEL announced that its Board of Directors has approved a share buyback program on Tuesday, May 6th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is 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.