Xcel Brands (NASDAQ:XELB) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note issued to investors on Thursday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Performance

Shares of Xcel Brands stock opened at $0.70 on Thursday. The firm has a fifty day moving average of $0.75 and a two-hundred day moving average of $1.01. The stock has a market capitalization of $16.44 million, a price-to-earnings ratio of -0.64 and a beta of 1.47. Xcel Brands has a 52 week low of $0.67 and a 52 week high of $2.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.06 and a current ratio of 0.98.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings data on Tuesday, April 16th. The textile maker reported ($0.24) EPS for the quarter. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. The firm had revenue of $2.29 million during the quarter. As a group, equities research analysts predict that Xcel Brands will post -0.25 EPS for the current year.

Insider Activity at Xcel Brands

In other news, Director Mark Disanto acquired 146,250 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $0.65 per share, for a total transaction of $95,062.50. Following the transaction, the director now directly owns 1,174,263 shares in the company, valued at $763,270.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 52.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Xcel Brands

A number of large investors have recently added to or reduced their stakes in XELB. Levin Capital Strategies L.P. bought a new position in Xcel Brands during the 1st quarter worth about $86,000. Perritt Capital Management Inc. increased its holdings in Xcel Brands by 31.6% during the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after purchasing an additional 145,833 shares in the last quarter. AWM Investment Company Inc. bought a new position in Xcel Brands during the 1st quarter worth about $600,000. Finally, Summit Trail Advisors LLC increased its holdings in Xcel Brands by 32.5% during the 1st quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock worth $1,749,000 after purchasing an additional 550,453 shares in the last 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.