The Manufacturers Life Insurance Company Sells 259 Shares of XPEL, Inc. (NASDAQ:XPEL)

The Manufacturers Life Insurance Company trimmed its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,883 shares of the company’s stock after selling 259 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in XPEL were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of XPEL. GAMMA Investing LLC boosted its position in XPEL by 190.4% in the third quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $34,000 after purchasing an additional 514 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of XPEL by 1,800.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $68,000 after buying an additional 1,800 shares during the last quarter. Creative Planning purchased a new position in shares of XPEL in the third quarter worth approximately $208,000. Financial Advocates Investment Management bought a new stake in XPEL during the second quarter valued at approximately $223,000. Finally, Kovack Advisors Inc. purchased a new stake in XPEL during the third quarter valued at approximately $295,000. 75.08% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Ryan Pape sold 20,000 shares of the stock in a transaction on Monday, November 25th. The shares were 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 represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mike Klonne sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $43.00, for a total transaction of $215,000.00. Following the sale, the director now owns 50,008 shares in the company, valued at $2,150,344. The trade was a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,544 shares of company stock valued at $2,606,789 in the last ninety days. Corporate insiders own 9.50% of the company’s stock.

XPEL Price Performance

Shares of XPEL stock opened at $44.05 on Friday. XPEL, Inc. has a 1-year low of $30.75 and a 1-year high of $60.49. The company’s fifty day simple moving average is $43.09 and its 200-day simple moving average is $40.86. The stock has a market capitalization of $1.22 billion, a PE ratio of 25.17 and a beta of 1.81.

XPEL (NASDAQ:XPEL) last released its earnings results on Thursday, November 7th. The company reported $0.54 earnings per share 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 company had revenue of $112.85 million for the quarter, compared to the consensus estimate of $114.59 million. During the same period in the previous year, the business earned $0.56 earnings per share. XPEL’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that XPEL, Inc. will post 1.73 EPS 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.