StockNews.com Initiates Coverage on Xcel Brands (NASDAQ:XELB)

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

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $0.70 on Thursday. The company’s fifty day moving average price is $0.75 and its 200 day moving average price is $1.01. Xcel Brands has a 12 month low of $0.67 and a 12 month high of $2.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 1.06. The firm has a market capitalization of $16.44 million, a P/E ratio of -0.64 and a beta of 1.47.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Tuesday, April 16th. The textile maker reported ($0.24) EPS for the quarter. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. The company had revenue of $2.29 million for the quarter. As a group, sell-side analysts predict that Xcel Brands will post -0.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Xcel Brands

In other Xcel Brands news, Director Mark Disanto acquired 146,250 shares of the company’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $0.65 per share, for a total transaction of $95,062.50. Following the completion of the purchase, the director now owns 1,174,263 shares in the company, valued at approximately $763,270.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 52.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Levin Capital Strategies L.P. purchased a new stake in shares of Xcel Brands in the first quarter valued at about $86,000. Perritt Capital Management Inc. boosted its holdings in shares of Xcel Brands by 31.6% in the first quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after acquiring an additional 145,833 shares in the last quarter. AWM Investment Company Inc. purchased a new stake in shares of Xcel Brands in the first quarter valued at about $600,000. Finally, Summit Trail Advisors LLC boosted its holdings in shares of Xcel Brands by 32.5% in the first quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock valued at $1,749,000 after acquiring an additional 550,453 shares in the last quarter. 18.55% of the stock is currently owned by institutional investors and hedge funds.

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.