Xcel Brands (NASDAQ:XELB) Director Mark Disanto Acquires 50,000 Shares

Xcel Brands, Inc (NASDAQ:XELB) Director Mark Disanto acquired 50,000 shares of the business’s stock in a transaction on Friday, December 5th. The shares were purchased at an average cost of $0.35 per share, for a total transaction of $17,500.00. Following the completion of the acquisition, the director directly owned 337,018 shares in the company, valued at approximately $117,956.30. The trade was a 17.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Xcel Brands Stock Up 4.2%

Shares of XELB stock traded up $0.04 on Friday, hitting $0.97. The stock had a trading volume of 26,987 shares, compared to its average volume of 38,230. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.51 and a quick ratio of 0.51. The business has a 50 day moving average of $1.36 and a 200 day moving average of $1.55. Xcel Brands, Inc has a 12-month low of $0.74 and a 12-month high of $7.40. The stock has a market cap of $4.61 million, a price-to-earnings ratio of -0.12 and a beta of 0.97.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings results on Wednesday, November 19th. The textile maker reported ($2.02) earnings per share 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 firm had revenue of $1.12 million for the quarter, compared to analysts’ expectations of $1.24 million. As a group, analysts expect that Xcel Brands, Inc will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Citadel Advisors LLC purchased a new position in Xcel Brands, Inc (NASDAQ:XELB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned 1.05% of Xcel Brands at the end of the most recent quarter. Institutional investors own 18.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.