Algert Global LLC Boosts Holdings in XPEL, Inc. (NASDAQ:XPEL)

Algert Global LLC increased its position in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 27.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,199 shares of the company's stock after acquiring an additional 15,490 shares during the quarter. Algert Global LLC owned about 0.26% of XPEL worth $2,884,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XPEL. Barclays PLC increased its stake in XPEL by 79.5% in the 3rd quarter. Barclays PLC now owns 78,646 shares of the company's stock worth $3,411,000 after acquiring an additional 34,830 shares during the last quarter. Franklin Resources Inc. purchased a new position in XPEL in the 3rd quarter worth approximately $686,000. JPMorgan Chase & Co. increased its holdings in shares of XPEL by 90.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,164 shares of the company's stock worth $1,915,000 after buying an additional 20,918 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of XPEL by 1.5% during the 4th quarter. Nordea Investment Management AB now owns 82,268 shares of the company's stock worth $3,289,000 after acquiring an additional 1,206 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in XPEL in the fourth quarter worth $1,113,000. Hedge funds and other institutional investors own 75.08% of the company's stock.

XPEL Price Performance

NASDAQ XPEL traded down $0.05 during trading hours on Tuesday, reaching $38.27. 32,576 shares of the stock traded hands, compared to its average volume of 205,920. The stock has a 50 day simple moving average of $29.67 and a two-hundred day simple moving average of $37.38. 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 $1.06 billion, a price-to-earnings ratio of 21.87 and a beta of 1.83.

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

XPEL declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 6th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are 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.