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

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

Xcel Brands Stock Performance

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

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

Insider Buying and Selling

In related news, Director Mark Disanto acquired 146,250 shares of the stock in a transaction on Friday, March 15th. The stock was purchased 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 acquisition was disclosed in a filing with the SEC, which is available through this link. 52.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC raised its stake in Xcel Brands, Inc. (NASDAQ:XELB) by 32.5% during the 1st quarter, according to its most recent Form 13F filing 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 quarter. Summit Trail Advisors LLC owned 11.28% of Xcel Brands worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 18.55% of the company’s stock.

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.