Voloridge Investment Management LLC Cuts Position in XPEL, Inc. (NASDAQ:XPEL)

Voloridge Investment Management LLC trimmed its position in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 30.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,278 shares of the company's stock after selling 22,451 shares during the quarter. Voloridge Investment Management LLC owned about 0.18% of XPEL worth $2,008,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of XPEL. Schwartz Investment Counsel Inc. increased its holdings in XPEL by 4.9% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 537,000 shares of the company's stock worth $21,448,000 after buying an additional 25,000 shares during the period. Mawer Investment Management Ltd. boosted its holdings in shares of XPEL by 13.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company's stock valued at $15,877,000 after acquiring an additional 48,586 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of XPEL by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 317,971 shares of the company's stock worth $12,700,000 after acquiring an additional 3,701 shares during the period. Northern Trust Corp increased its stake in shares of XPEL by 9.6% in the fourth quarter. Northern Trust Corp now owns 255,921 shares of the company's stock worth $10,221,000 after acquiring an additional 22,388 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of XPEL by 5.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 242,584 shares of the company's stock worth $9,689,000 after purchasing an additional 11,463 shares during the last quarter. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

XPEL Price Performance

XPEL stock traded down $0.25 during trading on Monday, hitting $35.72. 146,352 shares of the company traded hands, compared to its average volume of 201,722. XPEL, Inc. has a 1 year low of $24.25 and a 1 year high of $48.58. The company has a market cap of $988.19 million, a PE ratio of 20.41 and a beta of 1.83. The stock's 50-day simple moving average is $31.11 and its 200 day simple moving average is $36.78.

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

XPEL declared that its board has authorized a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.