Xcel Brands (NASDAQ:XELB) CEO Loren Robert D Buys 12,000 Shares of Stock

Xcel Brands, Inc (NASDAQ:XELB) CEO Loren Robert D acquired 12,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was bought at an average price of $0.87 per share, for a total transaction of $10,440.00. Following the purchase, the chief executive officer owned 775,216 shares in the company, valued at approximately $674,437.92. This trade represents a 1.57% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Xcel Brands Stock Performance

Shares of XELB stock opened at $0.86 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.28 and a quick ratio of 0.28. Xcel Brands, Inc has a fifty-two week low of $0.62 and a fifty-two week high of $2.66. The stock’s 50-day moving average is $1.38 and its two-hundred day moving average is $1.68. The firm has a market cap of $5.64 million, a P/E ratio of -0.25 and a beta of 1.25.

Xcel Brands (NASDAQ:XELB) last posted its quarterly 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). The firm had revenue of $1.12 million for the quarter, compared to analysts’ expectations of $1.80 million. Xcel Brands had a negative return on equity of 109.17% and a negative net margin of 343.68%. Analysts predict that Xcel Brands, Inc will post -1.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.00.

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.