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

Xcel Brands, Inc (NASDAQ:XELB) CEO Loren Robert D purchased 12,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was acquired at an average price of $0.87 per share, with a total value of $10,440.00. Following the completion of the transaction, the chief executive officer owned 775,216 shares of the company’s stock, valued at $674,437.92. This represents a 1.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Xcel Brands Trading Up 12.6%

Shares of XELB stock opened at $0.97 on Thursday. The stock has a market cap of $6.35 million, a P/E ratio of -0.29 and a beta of 1.25. Xcel Brands, Inc has a 1 year low of $0.62 and a 1 year high of $2.66. 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 50 day simple moving average of $1.36 and a 200 day simple moving average of $1.67.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Thursday, August 13th. The textile maker reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.02). The company had revenue of $1.12 million during the quarter, compared to the consensus estimate of $1.80 million. Xcel Brands had a negative return on equity of 109.17% and a negative net margin of 343.68%. On average, research analysts predict that Xcel Brands, Inc will post -1.44 earnings per share for the current fiscal year.

Institutional Trading of Xcel Brands

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $3.00.

Xcel Brands Company Profile

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.