Xcel Brands (NASDAQ:XELB) CEO Buys $10,440.00 in Stock

Xcel Brands, Inc (NASDAQ:XELB) CEO Loren Robert D acquired 12,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average price of $0.87 per share, for a total transaction of $10,440.00. Following the completion of the acquisition, the chief executive officer directly owned 775,216 shares of the company’s stock, valued at $674,437.92. This trade represents a 1.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Xcel Brands Price Performance

Shares of XELB stock opened at $0.94 on Friday. The firm’s 50 day moving average price is $1.33 and its two-hundred day moving average price is $1.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.28 and a current ratio of 0.28. Xcel Brands, Inc has a 52-week low of $0.62 and a 52-week high of $2.66. The stock has a market cap of $6.15 million, a PE ratio of -0.28 and a beta of 1.25.

Xcel Brands (NASDAQ:XELB) last issued its earnings results on Thursday, August 13th. The textile maker reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.02). The business had revenue of $1.12 million for the quarter, compared to the consensus estimate of $1.80 million. Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 109.17%. As a group, analysts forecast that Xcel Brands, Inc will post -1.44 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $3.00.

Hedge Funds Weigh In On Xcel Brands

Several institutional investors and hedge funds have recently made changes to their positions in XELB. DRW Securities LLC raised its stake in Xcel Brands by 98.1% during the 4th quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock worth $37,000 after buying an additional 17,053 shares during the period. Potomac Capital Management Inc. bought a new stake in shares of Xcel Brands in the fourth quarter worth about $441,000. Finally, Citadel Advisors LLC bought a new stake in shares of Xcel Brands in the third quarter worth about $88,000. Institutional investors and hedge funds own 18.55% of the company’s stock.

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.