Xcel Brands (NASDAQ:XELB) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note published on Tuesday morning. The brokerage issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Up 3.5 %

Shares of XELB stock opened at $0.77 on Tuesday. The business has a 50-day moving average of $0.82 and a 200 day moving average of $1.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.13. Xcel Brands has a 1-year low of $0.52 and a 1-year high of $2.10.

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

Insider Buying and Selling at Xcel Brands

In other Xcel Brands news, Director Mark Disanto bought 146,250 shares of the business’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 purchase, the director now directly owns 1,174,263 shares of the company’s stock, valued at $763,270.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 52.41% of the company’s stock.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC boosted its stake in Xcel Brands, Inc. (NASDAQ:XELB) by 32.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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. 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.