Maryland State Retirement & Pension System Makes New $238,000 Investment in XPEL, Inc. $XPEL

Maryland State Retirement & Pension System bought a new position in XPEL, Inc. (NASDAQ:XPEL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,616 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers increased its position in XPEL by 0.6% in the 1st quarter. Rhumbline Advisers now owns 63,606 shares of the company’s stock worth $1,869,000 after purchasing an additional 389 shares during the last quarter. Fiera Capital Corp increased its position in XPEL by 1.6% in the 1st quarter. Fiera Capital Corp now owns 32,500 shares of the company’s stock worth $955,000 after purchasing an additional 500 shares during the last quarter. Victory Capital Management Inc. increased its position in XPEL by 12.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,395 shares of the company’s stock worth $159,000 after purchasing an additional 583 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in XPEL by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,994 shares of the company’s stock worth $441,000 after purchasing an additional 619 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in XPEL by 10.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,758 shares of the company’s stock worth $228,000 after purchasing an additional 748 shares during the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

XPEL Trading Down 0.3%

Shares of XPEL stock opened at $34.12 on Wednesday. The stock has a 50 day moving average of $35.27 and a two-hundred day moving average of $34.11. XPEL, Inc. has a 12 month low of $24.25 and a 12 month high of $47.23. The company has a market capitalization of $944.10 million, a P/E ratio of 19.39 and a beta of 1.68.

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

Wall Street Analyst Weigh In

XPEL has been the topic of a number of analyst reports. Wall Street Zen raised XPEL from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of XPEL in a report on Wednesday, October 8th. Finally, Zacks Research raised XPEL from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

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.