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

StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note published on Thursday. The brokerage issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Up 1.3 %

Shares of Xcel Brands stock opened at $0.78 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.26 and a quick ratio of 1.11. The stock has a market cap of $15.51 million, a price-to-earnings ratio of -0.76 and a beta of 1.46. The firm’s 50-day moving average is $1.04 and its two-hundred day moving average is $1.10. Xcel Brands has a 1 year low of $0.51 and a 1 year high of $2.10.

Insider Buying and Selling

In other news, Director Mark Disanto purchased 146,250 shares of the stock in a transaction on Friday, March 15th. The stock was bought at an average price of $0.65 per share, with a total value of $95,062.50. Following the transaction, the director now owns 1,174,263 shares in the company, valued at approximately $763,270.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 52.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Xcel Brands

Several hedge funds have recently bought and sold shares of the stock. Mariner LLC purchased a new stake in shares of Xcel Brands in the third quarter valued at approximately $42,000. Vanguard Group Inc. raised its position in Xcel Brands by 36.3% during the first quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock worth $537,000 after acquiring an additional 95,997 shares during the period. Perritt Capital Management Inc. lifted its holdings in Xcel Brands by 14.1% during the second quarter. Perritt Capital Management Inc. now owns 506,025 shares of the textile maker’s stock valued at $886,000 after purchasing an additional 62,353 shares in the last quarter. Finally, Potomac Capital Management Inc. grew its position in shares of Xcel Brands by 23.4% in the fourth quarter. Potomac Capital Management Inc. now owns 779,452 shares of the textile maker’s stock valued at $1,005,000 after purchasing an additional 148,050 shares during the period. Hedge funds and other institutional investors own 18.55% of the company’s stock.

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, and other brands, as well as manages the Longaberger brand.