Loren Robert D Buys 12,000 Shares of Xcel Brands (NASDAQ:XELB) Stock

Xcel Brands, Inc (NASDAQ:XELB) CEO Loren Robert D purchased 12,000 shares of the stock in a transaction dated Friday, August 21st. The shares were acquired at an average price of $0.87 per share, with a total value of $10,440.00. Following the transaction, the chief executive officer owned 775,216 shares in the company, valued at $674,437.92. This trade represents a 1.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Xcel Brands Trading Up 9.9%

Shares of XELB traded up $0.08 on Tuesday, reaching $0.89. 98,570 shares of the company’s stock were exchanged, compared to its average volume of 165,904. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $5.84 million, a P/E ratio of -0.26 and a beta of 1.25. The business has a 50 day moving average price of $1.40 and a two-hundred day moving average price of $1.68. Xcel Brands, Inc has a 12 month low of $0.62 and a 12 month high of $2.66.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings data on Thursday, August 13th. The textile maker reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.02). Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 109.17%. The business had revenue of $1.12 million during the quarter, compared to analyst estimates of $1.80 million. Research analysts anticipate that Xcel Brands, Inc will post -1.41 earnings per share for the current year.

Institutional Trading of Xcel Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. DRW Securities LLC boosted its stake in Xcel Brands by 98.1% during the 4th quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock worth $37,000 after acquiring an additional 17,053 shares during the last quarter. Potomac Capital Management Inc. acquired a new position in Xcel Brands during the fourth quarter valued at approximately $441,000. Finally, Citadel Advisors LLC bought a new stake in Xcel Brands in the third quarter valued at approximately $88,000. 18.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Xcel Brands presently has a consensus rating of “Hold” and a consensus target price of $3.00.

About Xcel Brands

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.