XPEL (NASDAQ:XPEL) Shares Gap Down After Earnings Miss

XPEL, Inc. (NASDAQ:XPEL) gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $40.33, but opened at $33.69. XPEL shares last traded at $34.74, with a volume of 82,671 shares changing hands.

The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). XPEL had a net margin of 11.61% and a return on equity of 24.68%.

Insiders Place Their Bets

In other XPEL news, CEO Ryan Pape sold 13,544 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $45.20, for a total transaction of $612,188.80. Following the completion of the sale, the chief executive officer now directly owns 1,072,063 shares in the company, valued at approximately $48,457,247.60. This trade represents a 1.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On XPEL

A number of institutional investors have recently made changes to their positions in XPEL. JPMorgan Chase & Co. lifted its position in XPEL by 90.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,164 shares of the company’s stock valued at $1,915,000 after acquiring an additional 20,918 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of XPEL during the fourth quarter valued at $1,113,000. Geode Capital Management LLC boosted its position in shares of XPEL by 4.7% during the third quarter. Geode Capital Management LLC now owns 571,880 shares of the company’s stock valued at $24,807,000 after buying an additional 25,526 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of XPEL during the third quarter valued at $686,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in XPEL by 35.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 46,631 shares of the company’s stock worth $2,022,000 after buying an additional 12,256 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

XPEL Stock Performance

The firm has a market cap of $964.92 million, a PE ratio of 20.08 and a beta of 1.84. The stock has a 50-day simple moving average of $41.17 and a two-hundred day simple moving average of $42.46.

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.