Redmond Asset Management LLC Sells 20,872 Shares of XPEL, Inc. $XPEL

Redmond Asset Management LLC lessened its stake in XPEL, Inc. (NASDAQ:XPEL) by 72.0% during the third quarter, Holdings Channel reports. The firm owned 8,111 shares of the company’s stock after selling 20,872 shares during the period. Redmond Asset Management LLC’s holdings in XPEL were worth $358,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XPEL. Pinnacle Wealth Planning Services Inc. grew its holdings in XPEL by 11.5% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,537 shares of the company’s stock worth $112,000 after buying an additional 262 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in XPEL by 3.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,080 shares of the company’s stock valued at $599,000 after acquiring an additional 421 shares in the last quarter. Lakewood Asset Management LLC lifted its stake in XPEL by 5.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 9,645 shares of the company’s stock valued at $426,000 after acquiring an additional 472 shares in the last quarter. Quantinno Capital Management LP lifted its stake in XPEL by 16.4% during the 1st quarter. Quantinno Capital Management LP now owns 4,712 shares of the company’s stock valued at $209,000 after acquiring an additional 665 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in XPEL by 424.4% during the 1st quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock valued at $41,000 after acquiring an additional 747 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on XPEL shares. Weiss Ratings raised shares of XPEL from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. B. Riley Financial increased their target price on shares of XPEL from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Freedom Capital raised shares of XPEL from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.00.

XPEL Price Performance

Shares of NASDAQ XPEL opened at $45.78 on Friday. XPEL, Inc. has a twelve month low of $31.88 and a twelve month high of $55.91. The stock’s 50 day moving average price is $46.20 and its 200-day moving average price is $46.31. The company has a market capitalization of $1.26 billion, a PE ratio of 23.24 and a beta of 1.18. The company has a quick ratio of 1.14, a current ratio of 2.61 and a debt-to-equity ratio of 0.14.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. XPEL had a return on equity of 18.98% and a net margin of 10.77%. The company had revenue of $143.05 million during the quarter, compared to the consensus estimate of $135.09 million. During the same period last year, the business posted $0.59 earnings per share. XPEL’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts anticipate that XPEL, Inc. will post 2.12 EPS for the current year.

About XPEL

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