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

StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a report released on Monday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Price Performance

Shares of NASDAQ XELB opened at $0.75 on Monday. The company has a 50-day moving average price of $0.85 and a 200-day moving average price of $1.05. Xcel Brands has a 1 year low of $0.51 and a 1 year high of $2.10. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings data on Tuesday, April 16th. The textile maker reported ($0.24) earnings per share (EPS) for the quarter. Xcel Brands had a negative net margin of 118.57% and a negative return on equity of 23.10%. The business had revenue of $2.29 million for the quarter. On average, sell-side analysts anticipate that Xcel Brands will post -0.3 EPS for the current year.

Insider Activity at Xcel Brands

In other news, Director Mark Disanto purchased 146,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $0.65 per share, with a total value of $95,062.50. Following the completion of the transaction, the director now directly 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 hyperlink. 52.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC lifted its position in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 32.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,242,593 shares of the textile maker’s stock after purchasing 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 quarter. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Brands Company Profile

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.