Apis Capital Advisors LLC Sells 2,622 Shares of XPEL, Inc. (NASDAQ:XPEL)

Apis Capital Advisors LLC trimmed its stake in XPEL, Inc. (NASDAQ:XPEL) by 18.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,278 shares of the company’s stock after selling 2,622 shares during the period. Apis Capital Advisors LLC’s holdings in XPEL were worth $401,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of XPEL. Carolina Wealth Advisors LLC acquired a new stake in shares of XPEL in the 2nd quarter valued at $50,000. nVerses Capital LLC lifted its holdings in XPEL by 1,800.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $68,000 after purchasing an additional 1,800 shares during the last quarter. Mendota Financial Group LLC boosted its position in XPEL by 11.4% in the second quarter. Mendota Financial Group LLC now owns 3,606 shares of the company’s stock valued at $128,000 after buying an additional 370 shares in the last quarter. Financial Advocates Investment Management bought a new stake in XPEL during the second quarter worth about $223,000. Finally, ProShare Advisors LLC grew its stake in XPEL by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,530 shares of the company’s stock worth $245,000 after buying an additional 313 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on XPEL. B. Riley upgraded shares of XPEL from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $58.00 in a research note on Friday, August 9th. Craig Hallum upgraded XPEL from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th.

XPEL Stock Down 2.9 %

Shares of NASDAQ:XPEL opened at $42.78 on Monday. The company has a quick ratio of 1.62, a current ratio of 4.77 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.18 billion, a P/E ratio of 24.73 and a beta of 1.84. XPEL, Inc. has a 12 month low of $30.75 and a 12 month high of $78.76. The company’s 50-day moving average price is $41.27 and its two-hundred day moving average price is $42.73.

XPEL (NASDAQ:XPEL) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.46 by $0.08. XPEL had a net margin of 11.59% and a return on equity of 26.80%. The business had revenue of $109.92 million for the quarter, compared to analysts’ expectations of $105.67 million. During the same period in the prior year, the firm earned $0.57 earnings per share. XPEL’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts forecast that XPEL, Inc. will post 1.65 EPS for the current fiscal 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.