Xcel Brands (NASDAQ:XELB) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELBGet Rating) in a report published on Monday. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Trading Down 3.4 %

NASDAQ:XELB opened at $0.85 on Monday. The firm has a market capitalization of $16.64 million, a price-to-earnings ratio of -3.26 and a beta of 1.45. The firm’s fifty day simple moving average is $0.94 and its 200 day simple moving average is $1.12. Xcel Brands has a twelve month low of $0.80 and a twelve month high of $1.99.

Hedge Funds Weigh In On Xcel Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Miramar Capital LLC acquired a new position in Xcel Brands in the 1st quarter worth $106,000. Vanguard Group Inc. lifted its holdings in 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 in the last quarter. Potomac Capital Management Inc. lifted its holdings in Xcel Brands by 19.1% in the 2nd quarter. Potomac Capital Management Inc. now owns 693,629 shares of the textile maker’s stock worth $818,000 after buying an additional 111,237 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in Xcel Brands by 35.0% in the 3rd quarter. Summit Trail Advisors LLC now owns 1,681,740 shares of the textile maker’s stock worth $1,603,000 after buying an additional 435,902 shares in the last quarter. Institutional investors and hedge funds own 15.50% of the company’s stock.

About Xcel Brands

(Get Rating)

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.

Further Reading

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