Xcel Brands (NASDAQ:XELB) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELBGet Free Report) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Up 2.8 %

Shares of Xcel Brands stock opened at $0.69 on Friday. Xcel Brands has a 12 month low of $0.66 and a 12 month high of $2.10. The business has a fifty day simple moving average of $0.74 and a 200 day simple moving average of $1.00. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. The stock has a market cap of $16.21 million, a PE ratio of -0.63 and a beta of 1.47.

Xcel Brands (NASDAQ:XELBGet Free Report) last posted its earnings results on Tuesday, April 16th. The textile maker reported ($0.24) earnings per share for the quarter. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. The firm had revenue of $2.29 million during the quarter. Research analysts predict that Xcel Brands will post -0.25 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mark Disanto bought 146,250 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average cost of $0.65 per share, with a total value of $95,062.50. Following the completion of the purchase, the director now owns 1,174,263 shares of the company’s stock, valued at $763,270.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 52.41% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. bought a new position in Xcel Brands during the 1st quarter worth $86,000. Perritt Capital Management Inc. increased its holdings in Xcel Brands by 31.6% in the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after buying an additional 145,833 shares during the period. AWM Investment Company Inc. acquired a new stake in shares of Xcel Brands in the 1st quarter valued at $600,000. Finally, Summit Trail Advisors LLC boosted its stake in Xcel Brands by 32.5% in the first quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock valued at $1,749,000 after buying an additional 550,453 shares in the last quarter. 18.55% of the stock is owned by institutional investors and hedge funds.

About Xcel Brands

(Get Free Report)

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.

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