Xcel Brands (NASDAQ:XELB) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note released on Saturday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Performance

XELB opened at $0.76 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The business’s 50-day simple moving average is $0.92 and its 200 day simple moving average is $1.07. Xcel Brands has a 52-week low of $0.51 and a 52-week high of $2.10.

Insider Buying and Selling at Xcel Brands

In other news, Director Mark Disanto acquired 146,250 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $0.65 per share, with a total value of $95,062.50. Following the acquisition, the director now directly owns 1,174,263 shares in the company, valued at approximately $763,270.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 52.41% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Potomac Capital Management Inc. boosted its stake in Xcel Brands by 23.4% during the 4th 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 last quarter. Vanguard Group Inc. boosted its stake in shares of Xcel Brands by 36.3% in the 1st quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock worth $537,000 after buying an additional 95,997 shares during the last quarter. Finally, Mariner LLC bought a new stake in shares of Xcel Brands in the 3rd quarter worth approximately $42,000. 18.55% of the stock is owned by institutional investors.

Xcel Brands Company Profile

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.