Xcel Brands (NASDAQ:XELB) Director Mark Disanto Buys 50,000 Shares of Stock

Xcel Brands, Inc (NASDAQ:XELB) Director Mark Disanto purchased 50,000 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were acquired at an average price of $0.35 per share, with a total value of $17,500.00. Following the purchase, the director directly owned 337,018 shares in the company, valued at $117,956.30. This represents a 17.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Xcel Brands Stock Performance

XELB opened at $0.97 on Friday. Xcel Brands, Inc has a 1-year low of $0.74 and a 1-year high of $7.40. The company has a market cap of $4.61 million, a price-to-earnings ratio of -0.12 and a beta of 0.97. The company’s fifty day moving average price is $1.36 and its two-hundred day moving average price is $1.55. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.55.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Wednesday, November 19th. The textile maker reported ($2.02) EPS for the quarter, missing the consensus estimate of ($0.93) by ($1.09). Xcel Brands had a negative return on equity of 51.46% and a negative net margin of 437.09%.The business had revenue of $1.12 million for the quarter, compared to the consensus estimate of $1.24 million. On average, analysts expect that Xcel Brands, Inc will post -0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Maxim Group initiated coverage on Xcel Brands in a research note on Tuesday, September 23rd. They issued a “buy” rating and a $3.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xcel Brands in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Hedge Funds Weigh In On Xcel Brands

A hedge fund recently bought a new stake in Xcel Brands stock. Citadel Advisors LLC bought a new position in Xcel Brands, Inc (NASDAQ:XELB) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned about 1.05% of Xcel Brands as of its most recent SEC filing. Hedge funds and other 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.