6,802 Shares in XPEL, Inc. (NASDAQ:XPEL) Bought by Kovack Advisors Inc.

Kovack Advisors Inc. purchased a new stake in shares of XPEL, Inc. (NASDAQ:XPEL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,802 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted its stake in XPEL by 10.0% during the 1st quarter. Sei Investments Co. now owns 136,096 shares of the company’s stock valued at $7,352,000 after purchasing an additional 12,325 shares during the period. ProShare Advisors LLC boosted its position in shares of XPEL by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,530 shares of the company’s stock worth $245,000 after buying an additional 313 shares during the period. Vanguard Group Inc. grew its holdings in XPEL by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock worth $80,918,000 after buying an additional 22,180 shares in the last quarter. Cynosure Group LLC acquired a new stake in XPEL in the 1st quarter valued at approximately $327,000. Finally, CANADA LIFE ASSURANCE Co increased its position in XPEL by 9.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,195 shares of the company’s stock valued at $981,000 after acquiring an additional 1,506 shares during the period. Institutional investors and hedge funds own 75.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on XPEL. B. Riley raised XPEL from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $58.00 in a research note on Friday, August 9th. Craig Hallum upgraded shares of XPEL from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th.

XPEL Price Performance

XPEL opened at $44.78 on Friday. The business has a 50 day moving average price of $42.35 and a two-hundred day moving average price of $39.68. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.59 and a beta of 1.85. XPEL, Inc. has a 1-year low of $30.75 and a 1-year high of $60.49.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $112.85 million during the quarter, compared to analyst estimates of $114.59 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Equities analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

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.