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

Equities research analysts at StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELBGet Free Report) in a research note issued to investors on Saturday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands Trading Up 0.0 %

Shares of XELB stock opened at $0.76 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.26. Xcel Brands has a 1 year low of $0.51 and a 1 year high of $2.10. The stock has a fifty day moving average of $0.92 and a two-hundred day moving average of $1.07. The firm has a market capitalization of $15.01 million, a PE ratio of -0.73 and a beta of 1.43.

Insiders Place Their Bets

In other Xcel Brands news, Director Mark Disanto purchased 146,250 shares of Xcel Brands stock in a transaction on Friday, March 15th. The stock was bought at an average price of $0.65 per share, for a total transaction of $95,062.50. Following the transaction, the director now owns 1,174,263 shares of the company’s stock, valued at approximately $763,270.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 52.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Xcel Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. Potomac Capital Management Inc. raised its position in shares of Xcel Brands by 23.4% during the fourth quarter. Potomac Capital Management Inc. now owns 779,452 shares of the textile maker’s stock worth $1,005,000 after purchasing an additional 148,050 shares during the period. Vanguard Group Inc. raised its position in Xcel Brands by 36.3% during the first quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock valued at $537,000 after buying an additional 95,997 shares during the period. Finally, Mariner LLC acquired a new position in Xcel Brands during the third quarter valued at $42,000. 18.55% of the stock is owned by institutional investors and hedge funds.

Xcel Brands Company Profile

(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, and other brands, as well as manages the Longaberger brand.

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