XPEL, Inc. (NASDAQ:XPEL) Shares Sold by Cynosure Group LLC

Cynosure Group LLC trimmed its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 11.0% during the third quarter, Holdings Channel reports. The institutional investor owned 8,716 shares of the company’s stock after selling 1,082 shares during the quarter. Cynosure Group LLC’s holdings in XPEL were worth $378,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of XPEL by 190.4% during the 3rd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $34,000 after acquiring an additional 514 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in XPEL in the second quarter valued at approximately $50,000. Quantbot Technologies LP purchased a new stake in shares of XPEL during the 3rd quarter worth approximately $64,000. nVerses Capital LLC grew its position in shares of XPEL by 1,800.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $68,000 after buying an additional 1,800 shares during the last quarter. Finally, FMR LLC raised its stake in XPEL by 247.7% during the 3rd quarter. FMR LLC now owns 2,799 shares of the company’s stock worth $121,000 after acquiring an additional 1,994 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on XPEL shares. B. Riley raised XPEL from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $58.00 in a report on Friday, August 9th. Craig Hallum raised XPEL from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th.

Insider Buying and Selling

In other news, CEO Ryan Pape sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.34, for a total value of $926,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,085,607 shares of the company’s stock, valued at $50,307,028.38. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Klonne sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. Following the transaction, the director now directly owns 50,008 shares in the company, valued at $2,150,344. This represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock valued at $1,994,600 over the last three months. 9.50% of the stock is currently owned by company insiders.

XPEL Stock Performance

Shares of XPEL stock opened at $43.46 on Friday. The company’s fifty day moving average is $42.57 and its two-hundred day moving average is $40.04. XPEL, Inc. has a 1 year low of $30.75 and a 1 year high of $60.49. The company has a market capitalization of $1.20 billion, a P/E ratio of 24.83 and a beta of 1.85.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The firm had revenue of $112.85 million for the quarter, compared to analysts’ expectations of $114.59 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current year.

About XPEL

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.