Xcel Brands (NASDAQ:XELB) Director Purchases $17,500.00 in Stock

Xcel Brands, Inc (NASDAQ:XELB) Director Mark Disanto acquired 50,000 shares of Xcel Brands stock in a transaction that occurred on Friday, December 5th. The stock was acquired at an average cost of $0.35 per share, for a total transaction of $17,500.00. Following the completion of the purchase, the director directly owned 337,018 shares of the company’s stock, valued at $117,956.30. This represents a 17.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Xcel Brands Price Performance

NASDAQ XELB traded up $0.04 during trading on Friday, hitting $0.97. 26,987 shares of the company’s stock were exchanged, compared to its average volume of 38,230. The company has a market cap of $4.61 million, a PE ratio of -0.12 and a beta of 0.97. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.55. Xcel Brands, Inc has a fifty-two week low of $0.74 and a fifty-two week high of $7.40. The stock’s 50 day moving average price is $1.36 and its two-hundred day moving average price is $1.55.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings data on Wednesday, November 19th. The textile maker reported ($2.02) earnings per share 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 return on equity of 51.46% and a negative net margin of 437.09%. Research analysts expect that Xcel Brands, Inc will post -0.23 EPS for the current year.

Analyst Ratings Changes

XELB has been the subject of several recent research reports. Maxim Group assumed coverage on Xcel Brands in a research note on Tuesday, September 23rd. They issued a “buy” rating and a $3.00 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Xcel Brands in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Xcel Brands presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Citadel Advisors LLC acquired a new position in shares of Xcel Brands, Inc (NASDAQ:XELB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned approximately 1.05% of Xcel Brands as of its most recent filing with the Securities and Exchange Commission. 18.55% of the stock is owned by institutional investors and hedge funds.

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, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.