Oppenheimer Asset Management Inc. Purchases 5,284 Shares of XPEL, Inc. (NASDAQ:XPEL)

Oppenheimer Asset Management Inc. boosted its position in shares of XPEL, Inc. (NASDAQ:XPEL) by 18.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 33,337 shares of the company’s stock after acquiring an additional 5,284 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.12% of XPEL worth $979,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Quantbot Technologies LP raised its holdings in shares of XPEL by 46.0% during the fourth quarter. Quantbot Technologies LP now owns 2,165 shares of the company’s stock valued at $86,000 after acquiring an additional 682 shares during the last quarter. GAMMA Investing LLC increased its position in shares of XPEL by 308.2% during the 1st quarter. GAMMA Investing LLC now owns 3,339 shares of the company’s stock worth $98,000 after purchasing an additional 2,521 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of XPEL by 199.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company’s stock worth $189,000 after purchasing an additional 3,153 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of XPEL during the 4th quarter worth about $210,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of XPEL during the 4th quarter worth about $212,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

XPEL Price Performance

Shares of NASDAQ:XPEL opened at $36.39 on Friday. XPEL, Inc. has a 1-year low of $24.25 and a 1-year high of $48.58. The stock has a market cap of $1.01 billion, a P/E ratio of 21.28 and a beta of 1.85. The firm has a fifty day moving average price of $34.60 and a 200 day moving average price of $35.77.

XPEL (NASDAQ:XPEL) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.25 by $0.06. The business had revenue of $103.81 million during the quarter, compared to analysts’ expectations of $97.40 million. XPEL had a return on equity of 21.89% and a net margin of 10.92%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Sell-side analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

XPEL announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, May 6th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised XPEL from a “hold” rating to a “buy” rating in a research note on Saturday, June 21st.

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.