Xcel Brands (NASDAQ:XELB) CEO Loren Robert D Buys 50,000 Shares

Xcel Brands, Inc (NASDAQ:XELB) CEO Loren Robert D acquired 50,000 shares of the company’s stock in a transaction on Friday, December 5th. The shares were bought at an average cost of $0.35 per share, with a total value of $17,500.00. Following the acquisition, the chief executive officer directly owned 605,831 shares in the company, valued at approximately $212,040.85. The trade was a 9.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Xcel Brands Trading Up 4.2%

Shares of XELB stock opened at $0.97 on Friday. Xcel Brands, Inc has a 12-month low of $0.74 and a 12-month high of $7.40. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.55. The stock’s 50-day moving average price is $1.36 and its 200-day moving average price is $1.55. The stock has a market capitalization of $4.61 million, a price-to-earnings ratio of -0.12 and a beta of 0.97.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Wednesday, November 19th. The textile maker reported ($2.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.93) by ($1.09). The firm had revenue of $1.12 million for the quarter, compared to the consensus estimate of $1.24 million. Xcel Brands had a negative net margin of 437.09% and a negative return on equity of 51.46%. Equities research analysts predict that Xcel Brands, Inc will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Xcel Brands stock. Citadel Advisors LLC purchased a new position in Xcel Brands, Inc (NASDAQ:XELB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned 1.05% of Xcel Brands as of its most recent filing with the Securities and Exchange Commission (SEC). 18.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XELB has been the topic of a number of recent research reports. Maxim Group started coverage on Xcel Brands in a research report on Tuesday, September 23rd. They set a “buy” rating and a $3.00 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Xcel Brands in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.00.

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.