Xcel Brands (NASDAQ:XELB) Trading 11.9% Higher – Here’s What Happened

Shares of Xcel Brands, Inc (NASDAQ:XELB) were up 11.9% during trading on Monday . The stock traded as high as $1.65 and last traded at $1.60. Approximately 61,252 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 43,267 shares. The stock had previously closed at $1.43.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Xcel Brands in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.00.

Xcel Brands Stock Up 13.4%

The firm has a market cap of $9.48 million, a PE ratio of -0.20 and a beta of 1.00. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $1.51 and a two-hundred day moving average price of $1.41.

Insider Transactions at Xcel Brands

In related news, CEO Loren Robert W. D purchased 81,466 shares of Xcel Brands stock in a transaction on Wednesday, December 17th. The shares were bought at an average price of $1.17 per share, with a total value of $95,315.22. Following the transaction, the chief executive officer directly owned 687,297 shares of the company’s stock, valued at approximately $804,137.49. This trade represents a 13.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders bought 181,466 shares of company stock valued at $130,315. 29.47% of the stock is owned by company insiders.

Institutional Trading of Xcel Brands

A number of large investors have recently made changes to their positions in the company. Potomac Capital Management Inc. acquired a new stake in Xcel Brands in the fourth quarter valued at approximately $441,000. Citadel Advisors LLC purchased a new stake in shares of Xcel Brands in the 3rd quarter valued at approximately $88,000. Finally, DRW Securities LLC raised 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 valued at $37,000 after purchasing an additional 17,053 shares in the last quarter. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

About Xcel Brands

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.