Exchange Traded Concepts LLC Invests $304,000 in XPEL, Inc. (NASDAQ:XPEL)

Exchange Traded Concepts LLC bought a new position in shares of XPEL, Inc. (NASDAQ:XPEL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,013 shares of the company’s stock, valued at approximately $304,000.

Several other hedge funds have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of XPEL by 21.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 156,864 shares of the company’s stock worth $5,578,000 after acquiring an additional 27,276 shares during the last quarter. Vanguard Group Inc. raised its holdings in XPEL by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock worth $80,918,000 after purchasing an additional 22,180 shares during the last quarter. Capital World Investors lifted its holdings in shares of XPEL by 14.7% in the first quarter. Capital World Investors now owns 1,036,709 shares of the company’s stock valued at $56,003,000 after purchasing an additional 133,182 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of XPEL by 47.0% in the first quarter. Mutual of America Capital Management LLC now owns 70,287 shares of the company’s stock worth $3,797,000 after acquiring an additional 22,485 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in XPEL by 1.8% in the 1st quarter. Wasatch Advisors LP now owns 3,679,386 shares of the company’s stock valued at $198,760,000 after purchasing an additional 64,577 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XPEL has been the topic of a number of research analyst reports. Craig Hallum upgraded shares of XPEL from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. B. Riley upgraded shares of XPEL from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $58.00 in a research note on Friday, August 9th.

XPEL Stock Performance

XPEL stock opened at $42.61 on Monday. The company has a 50-day simple moving average of $43.15 and a 200 day simple moving average of $41.35. 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 company has a market capitalization of $1.18 billion, a P/E ratio of 25.06 and a beta of 1.83. XPEL, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $60.90.

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

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.