StockNews.com Initiates Coverage on Xcel Brands (NASDAQ:XELB)

Equities researchers at StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report issued to clients and investors on Monday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Down 3.4 %

Shares of XELB opened at $0.69 on Monday. The stock has a market capitalization of $16.11 million, a PE ratio of -0.64 and a beta of 1.43. Xcel Brands has a 1 year low of $0.51 and a 1 year high of $2.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.26. The company’s 50-day simple moving average is $0.85 and its 200-day simple moving average is $1.05.

Insider Transactions at Xcel Brands

In other Xcel Brands news, Director Mark Disanto purchased 146,250 shares of Xcel Brands stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $0.65 per share, with a total value of $95,062.50. Following the completion of the transaction, the director now owns 1,174,263 shares of the company’s stock, valued at $763,270.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 52.41% of the company’s stock.

Hedge Funds Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC lifted its holdings in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 32.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,242,593 shares of the textile maker’s stock after acquiring an additional 550,453 shares during the period. Summit Trail Advisors LLC owned 11.28% of Xcel Brands worth $1,749,000 at the end of the most recent reporting period. Institutional investors own 18.55% of the company’s stock.

About Xcel Brands

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.