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

Equities research analysts at StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a report issued on Monday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Price Performance

NASDAQ XELB opened at $0.75 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.13. The firm’s 50 day moving average price is $0.84 and its 200-day moving average price is $1.04. Xcel Brands has a 52-week low of $0.51 and a 52-week high of $2.10. The company has a market cap of $17.62 million, a PE ratio of -0.70 and a beta of 1.43.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Tuesday, April 16th. The textile maker reported ($0.24) earnings per share for the quarter. The firm had revenue of $2.29 million during the quarter. Xcel Brands had a negative net margin of 118.57% and a negative return on equity of 23.10%. Sell-side analysts forecast that Xcel Brands will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Xcel Brands

In other news, Director Mark Disanto bought 146,250 shares of the stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $0.65 per share, for a total transaction of $95,062.50. Following the completion of the purchase, the director now directly owns 1,174,263 shares in the company, valued at $763,270.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 52.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC lifted its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 32.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,242,593 shares of the textile maker’s stock after buying an additional 550,453 shares during the period. Summit Trail Advisors LLC owned approximately 11.28% of Xcel Brands worth $1,749,000 at the end of the most recent quarter. 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.