XPEL, Inc. (NASDAQ:XPEL) Shares Purchased by GAMMA Investing LLC

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XPEL. Quantbot Technologies LP increased its stake in shares of XPEL by 46.0% in the 4th quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock valued at $86,000 after purchasing an additional 682 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of XPEL by 199.4% in the 4th 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 in the last quarter. Squarepoint Ops LLC purchased a new position in shares of XPEL in the 4th quarter valued at about $210,000. KLP Kapitalforvaltning AS purchased a new position in shares of XPEL in the 4th quarter valued at about $212,000. Finally, State of Wyoming increased its stake in shares of XPEL by 416.7% in the 4th quarter. State of Wyoming now owns 6,402 shares of the company's stock valued at $256,000 after purchasing an additional 5,163 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered XPEL from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

XPEL Trading Down 2.2%

NASDAQ:XPEL traded down $0.80 during trading hours on Friday, hitting $36.22. 152,161 shares of the stock were exchanged, compared to its average volume of 198,911. XPEL, Inc. has a 52-week low of $24.25 and a 52-week high of $48.58. The firm's fifty day moving average price is $32.62 and its 200 day moving average price is $36.38. The company has a market cap of $1.00 billion, a P/E ratio of 20.70 and a beta of 1.85.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.06. The business had revenue of $103.81 million for the quarter, compared to analysts' expectations of $97.40 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. Equities analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal 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 outstanding shares. This buyback authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

XPEL Company 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.