Squarepoint Ops LLC Invests $210,000 in XPEL, Inc. (NASDAQ:XPEL)

Squarepoint Ops LLC bought a new stake in shares of XPEL, Inc. (NASDAQ:XPEL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,246 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mirabella Financial Services LLP bought a new stake in XPEL in the 4th quarter valued at $8,855,000. LHM Inc. bought a new stake in shares of XPEL in the fourth quarter worth about $4,887,000. Rockefeller Capital Management L.P. increased its holdings in shares of XPEL by 47.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 193,046 shares of the company’s stock worth $7,714,000 after purchasing an additional 61,930 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in XPEL by 13.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 397,533 shares of the company’s stock valued at $15,877,000 after buying an additional 48,586 shares in the last quarter. Finally, Barclays PLC increased its stake in XPEL by 79.5% in the 3rd quarter. Barclays PLC now owns 78,646 shares of the company’s stock worth $3,411,000 after acquiring an additional 34,830 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

XPEL Stock Up 0.9%

Shares of NASDAQ:XPEL opened at $36.95 on Monday. The firm has a fifty day simple moving average of $31.63 and a two-hundred day simple moving average of $36.59. XPEL, Inc. has a 52 week low of $24.25 and a 52 week high of $48.58. The stock has a market capitalization of $1.02 billion, a P/E ratio of 21.11 and a beta of 1.85.

XPEL (NASDAQ:XPEL) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. The firm had revenue of $103.81 million for the quarter, compared to the consensus estimate of $97.40 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. On average, analysts expect that XPEL, Inc. will post 1.73 earnings per share for the current year.

XPEL declared that its Board of Directors has approved a share buyback program on Tuesday, May 6th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded XPEL from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd.

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.