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

Stock analysts at StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Down 3.4 %

XELB opened at $0.69 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $0.85 and a 200-day moving average price of $1.05. Xcel Brands has a twelve month low of $0.51 and a twelve month high of $2.10. The stock has a market capitalization of $16.11 million, a price-to-earnings ratio of -0.64 and a beta of 1.43.

Insider Activity at Xcel Brands

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

Institutional Trading of Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC lifted its position in Xcel Brands, Inc. (NASDAQ:XELB) by 32.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,242,593 shares of the textile maker’s stock after purchasing an additional 550,453 shares during the period. Summit Trail Advisors LLC owned about 11.28% of Xcel Brands worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.55% of the stock is currently owned by institutional investors.

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.