Bares Capital Management Inc. Has $44.14 Million Stock Holdings in XPEL, Inc. (NASDAQ:XPEL)

Posted by Defense World Staff on Sep 12th, 2023

Bares Capital Management Inc. reduced its stake in shares of XPEL, Inc. (NASDAQ:XPEL – Free Report) by 2.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 649,593 shares of the company’s stock after selling 18,185 shares during the period. XPEL makes up approximately 1.6% of Bares Capital Management Inc.’s holdings, making the stock its 12th biggest holding. Bares Capital Management Inc. owned 2.35% of XPEL worth $44,140,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cim LLC raised its stake in XPEL by 4.0% in the fourth quarter. Cim LLC now owns 5,610 shares of the company’s stock valued at $426,000 after purchasing an additional 217 shares in the last quarter. New York State Teachers Retirement System raised its stake in XPEL by 1.9% in the first quarter. New York State Teachers Retirement System now owns 21,498 shares of the company’s stock valued at $1,461,000 after purchasing an additional 400 shares in the last quarter. Forge First Asset Management Inc. acquired a new position in XPEL in the first quarter valued at about $1,590,000. Cherrydale Wealth Management LLC acquired a new position in XPEL in the first quarter valued at about $340,000. Finally, Mawer Investment Management Ltd. raised its stake in XPEL by 17.7% in the first quarter. Mawer Investment Management Ltd. now owns 36,088 shares of the company’s stock valued at $2,452,000 after purchasing an additional 5,422 shares in the last quarter. 64.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at XPEL

In other news, CEO Ryan Pape sold 8,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the sale, the chief executive officer now directly owns 1,137,176 shares in the company, valued at $94,419,723.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Ryan Pape sold 8,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the sale, the chief executive officer now directly owns 1,137,176 shares in the company, valued at $94,419,723.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Barry Wood sold 562 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $85.89, for a total value of $48,270.18. Following the sale, the chief financial officer now owns 25,000 shares in the company, valued at $2,147,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,418 shares of company stock worth $4,637,481. Insiders own 22.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their price target on XPEL from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, August 10th.

Get Our Latest Stock Report on XPEL

XPEL Stock Down 2.0 %

Shares of NASDAQ XPEL opened at $74.25 on Tuesday. The company has a current ratio of 3.55, a quick ratio of 1.21 and a debt-to-equity ratio of 0.08. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 42.19 and a beta of 1.91. XPEL, Inc. has a 12 month low of $57.13 and a 12 month high of $87.46. The stock has a 50-day moving average price of $81.69 and a two-hundred day moving average price of $75.27.

XPEL (NASDAQ:XPEL – Get Free Report) last issued its earnings results on Wednesday, August 9th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The firm had revenue of $102.30 million during the quarter, compared to the consensus estimate of $101.47 million. XPEL had a return on equity of 36.89% and a net margin of 13.71%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. As a group, analysts forecast that XPEL, Inc. will post 2.02 earnings per share for the current fiscal year.

XPEL Profile

(Free Report)

XPEL, Inc sells, distributes, and installs after-market automotive products. The company offers automotive surface and paint protection, headlight protection, and automotive and architectural window films, as well as proprietary software. It also provides merchandise and apparel; ceramic coatings; and tools and accessories, which include squeegees and microfiber towels, application fluids, plotter cutters, knives, and other products.