Top 5 Stock Picks of Benjamin Natter’s Kent Lake Capital

3. XPEL, Inc. (NASDAQ:XPEL)

Kent Lake Capital’s Stake Value: $17,002,000

Percentage of Kent Lake Capital’s 13F Portfolio: 7.31%

Number of Hedge Fund Holders: 22

XPEL, Inc. (NASDAQ:XPEL) is a Texas-based commercial company offering products such as advanced paint protection film, automotive window tint, architectural flat glass film, and antimicrobial film for automotive, watercraft, home, and office applications. 

Benjamin Natter’s Kent Lake Capital owns 224,117 shares in XPEL, Inc. (NASDAQ:XPEL), worth $17 million as of Q3 2021, representing 7.31% of the firm’s total investments. 

XPEL, Inc. (NASDAQ:XPEL) announced on November 9 its earnings for the third quarter. EPS in the period came in at $0.30, missing estimates by -$0.02. The actual revenue for the company equaled $68.53 million, up 48.58% year-over-year, beating estimates by $4.16 million. 

Out of the 867 hedge funds tracked by Insider Monkey in the third quarter, 22 funds reported owning stakes worth $145.8 million in XPEL, Inc. (NASDAQ:XPEL). This is compared to 24 hedge funds being bullish on the company in the preceding quarter with a total stake value of $154.7 million. The largest XPEL, Inc. (NASDAQ:XPEL) stakeholder according to Insider Monkey’s records is Scott Coulter’s Cowbird Capital, with a position worth $29 million in the company as of Q3.

Here is what Wasatch Micro Cap Fund has to say about XPEL, Inc. (NASDAQ:XPEL) in its Q2 2021 investor letter: 

“The strongest contributor to Fund performance for the quarter was XPEL, Inc. (XPEL). The company offers automotive paint and surface protection films, automotive and architectural window films and ceramic coatings. XPEL has experienced robust growth as buyers of luxury vehicles adopt products previously sold primarily to automotive enthusiasts. Shares of XPEL moved higher in May after the company reported record top- and bottom-line results in its most recent quarter. Management cited strong demand across all regions—particularly in China, where the Covid19 outbreak hampered sales during the same quarter last year.”