QV Investors Inc. Acquires Shares of 31,650 XPEL, Inc. (NASDAQ:XPEL)

QV Investors Inc. bought a new position in shares of XPEL, Inc. (NASDAQ:XPEL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,650 shares of the company's stock, valued at approximately $930,000. QV Investors Inc. owned 0.11% of XPEL at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of XPEL. Quantbot Technologies LP raised 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 acquiring an additional 682 shares during the period. Tower Research Capital LLC TRC raised 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 acquiring an additional 3,153 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of XPEL in the 4th quarter valued at approximately $210,000. KLP Kapitalforvaltning AS purchased a new stake in shares of XPEL in the 4th quarter valued at approximately $212,000. Finally, State of Wyoming increased its stake in XPEL by 416.7% during the 4th quarter. State of Wyoming now owns 6,402 shares of the company's stock worth $256,000 after buying an additional 5,163 shares during the period. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Trading Up 0.6%

XPEL traded up $0.23 during trading hours on Thursday, hitting $36.46. 41,962 shares of the company's stock were exchanged, compared to its average volume of 220,583. XPEL, Inc. has a 12-month low of $24.25 and a 12-month high of $48.58. The firm has a 50 day moving average of $31.33 and a 200 day moving average of $36.78. The firm has a market cap of $1.01 billion, a P/E ratio of 20.83 and a beta of 1.85.

XPEL (NASDAQ:XPEL - Get Free Report) last announced 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. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The firm had revenue of $103.81 million for the quarter, compared to the consensus estimate of $97.40 million. During the same period in the prior year, the firm earned $0.24 EPS. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. As a group, research analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

XPEL announced that its Board of Directors has approved a share buyback plan on Tuesday, May 6th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

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

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.