Xcel Brands (NASDAQ:XELB) CEO Acquires 12,000 Shares

Xcel Brands, Inc (NASDAQ:XELB) CEO Loren Robert D acquired 12,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price of $0.87 per share, with a total value of $10,440.00. Following the transaction, the chief executive officer owned 775,216 shares in the company, valued at approximately $674,437.92. The trade was a 1.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Xcel Brands Price Performance

Xcel Brands stock traded up $0.08 on Tuesday, reaching $0.89. The company’s stock had a trading volume of 98,570 shares, compared to its average volume of 165,904. The business’s fifty day moving average price is $1.40 and its 200 day moving average price is $1.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $5.84 million, a price-to-earnings ratio of -0.26 and a beta of 1.25. Xcel Brands, Inc has a twelve month low of $0.62 and a twelve month high of $2.66.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Thursday, August 13th. The textile maker reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.02). Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 109.17%. The business had revenue of $1.12 million during the quarter, compared to analyst estimates of $1.80 million. Equities analysts expect that Xcel Brands, Inc will post -1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Potomac Capital Management Inc. acquired a new position in shares of Xcel Brands during the fourth quarter valued at $441,000. Citadel Advisors LLC bought a new position in Xcel Brands in the third quarter valued at about $88,000. Finally, DRW Securities LLC increased its position in Xcel Brands by 98.1% in the fourth quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock worth $37,000 after purchasing an additional 17,053 shares during the period. 18.55% of the stock is currently owned by 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.