XPEL, Inc. (NASDAQ:XPEL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 6.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,121 shares of the company’s stock after selling 835 shares during the period. Victory Capital Management Inc.’s holdings in XPEL were worth $467,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in XPEL. Carolina Wealth Advisors LLC acquired a new stake in shares of XPEL in the second quarter worth approximately $50,000. nVerses Capital LLC lifted its holdings in 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 purchasing an additional 1,800 shares in the last quarter. Mendota Financial Group LLC boosted its stake in XPEL by 11.4% during the 2nd quarter. Mendota Financial Group LLC now owns 3,606 shares of the company’s stock worth $128,000 after purchasing an additional 370 shares during the last quarter. Financial Advocates Investment Management purchased a new stake in shares of XPEL during the second quarter worth $223,000. Finally, ProShare Advisors LLC raised its position in shares of XPEL by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,530 shares of the company’s stock valued at $245,000 after buying an additional 313 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. B. Riley upgraded shares of XPEL from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $58.00 in a research report on Friday, August 9th. Craig Hallum upgraded XPEL from a “hold” rating to a “buy” rating in a report on Thursday, August 8th.

XPEL Stock Down 2.9 %

NASDAQ XPEL opened at $42.78 on Monday. The business’s fifty day simple moving average is $41.27 and its 200-day simple moving average is $42.73. 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 PE ratio of 24.73 and a beta of 1.84. XPEL, Inc. has a 52 week low of $30.75 and a 52 week high of $78.76.

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

XPEL 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.