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GAMMA Investing LLC Boosts Position in XPEL, Inc. (NASDAQ:XPEL)

XPEL logo with Auto/Tires/Trucks background

GAMMA Investing LLC lifted its position in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 11,892.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,100 shares of the company's stock after purchasing an additional 97,282 shares during the period. GAMMA Investing LLC owned 0.35% of XPEL worth $2,882,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Mirabella Financial Services LLP bought a new position in XPEL during the 4th quarter worth about $8,855,000. LHM Inc. bought a new position in XPEL during the 4th quarter worth about $4,887,000. Rockefeller Capital Management L.P. grew its holdings in XPEL by 47.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 193,046 shares of the company's stock worth $7,714,000 after acquiring an additional 61,930 shares in the last quarter. Mawer Investment Management Ltd. grew its holdings in XPEL by 13.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company's stock worth $15,877,000 after acquiring an additional 48,586 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in XPEL during the 4th quarter worth about $1,224,000. Hedge funds and other institutional investors own 75.08% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of XPEL from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Read Our Latest Stock Report on XPEL

XPEL Trading Up 3.8%

Shares of NASDAQ:XPEL traded up $1.36 during trading on Monday, reaching $37.58. The stock had a trading volume of 140,189 shares, compared to its average volume of 198,676. XPEL, Inc. has a one year low of $24.25 and a one year high of $48.58. The firm's 50-day simple moving average is $32.88 and its 200 day simple moving average is $36.29. The company has a market capitalization of $1.04 billion, a P/E ratio of 21.47 and a beta of 1.85.

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

XPEL announced that its board has approved 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 stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

XPEL Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for XPEL (NASDAQ:XPEL)

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