State of Alaska Department of Revenue Grows Position in XPEL, Inc. $XPEL

State of Alaska Department of Revenue increased its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 7.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,498 shares of the company’s stock after buying an additional 936 shares during the period. State of Alaska Department of Revenue’s holdings in XPEL were worth $484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eukles Asset Management acquired a new position in XPEL in the first quarter valued at approximately $35,000. Brooklyn Investment Group boosted its holdings in XPEL by 805.7% in the first quarter. Brooklyn Investment Group now owns 1,739 shares of the company’s stock valued at $51,000 after purchasing an additional 1,547 shares in the last quarter. GAMMA Investing LLC boosted its holdings in XPEL by 308.2% in the first quarter. GAMMA Investing LLC now owns 3,339 shares of the company’s stock valued at $98,000 after purchasing an additional 2,521 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in XPEL by 12.1% in the first quarter. Victory Capital Management Inc. now owns 5,395 shares of the company’s stock valued at $159,000 after purchasing an additional 583 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in XPEL by 236.2% in the first quarter. Quantbot Technologies LP now owns 7,279 shares of the company’s stock valued at $214,000 after purchasing an additional 5,114 shares in the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Trading Up 2.0%

XPEL stock opened at $34.47 on Thursday. The company has a market capitalization of $953.78 million, a P/E ratio of 19.59 and a beta of 1.68. XPEL, Inc. has a twelve month low of $24.25 and a twelve month high of $47.23. The business has a 50 day simple moving average of $35.15 and a 200-day simple moving average of $34.06.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. XPEL had a return on equity of 21.17% and a net margin of 10.84%.The firm had revenue of $124.71 million during the quarter, compared to the consensus estimate of $118.37 million. During the same period last year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Research analysts predict that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XPEL. Wall Street Zen raised XPEL from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Zacks Research raised XPEL from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of XPEL in a report on Wednesday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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.