Xcel Brands (NASDAQ:XELB) Shares Up 11.9% – Here’s What Happened

Xcel Brands, Inc (NASDAQ:XELB)’s stock price rose 11.9% during mid-day trading on Monday . The stock traded as high as $1.65 and last traded at $1.60. Approximately 61,252 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 43,267 shares. The stock had previously closed at $1.43.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Xcel Brands in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Xcel Brands has a consensus rating of “Hold” and a consensus price target of $3.00.

Xcel Brands Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.51 and a quick ratio of 0.51. The company’s 50 day moving average price is $1.50 and its 200 day moving average price is $1.41. The firm has a market capitalization of $9.42 million, a P/E ratio of -0.20 and a beta of 1.00.

Insider Activity

In other news, CEO Loren Robert W. D purchased 81,466 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $1.17 per share, for a total transaction of $95,315.22. Following the completion of the acquisition, the chief executive officer directly owned 687,297 shares in the company, valued at approximately $804,137.49. The trade was a 13.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 181,466 shares of company stock worth $130,315 over the last quarter. Corporate insiders own 29.47% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new position in shares of Xcel Brands in the 3rd quarter valued at about $88,000. Potomac Capital Management Inc. bought a new stake in shares of Xcel Brands during the fourth quarter worth approximately $441,000. Finally, DRW Securities LLC lifted its holdings in Xcel Brands by 98.1% in the fourth quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock valued at $37,000 after buying an additional 17,053 shares during the period. 18.55% of the stock is currently owned by institutional investors and hedge funds.

Xcel Brands Company Profile

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.