StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB – Get Rating) in a research report sent to investors on Monday morning. The firm issued a sell rating on the textile maker’s stock.
Xcel Brands Stock Performance
Shares of XELB opened at $0.85 on Monday. Xcel Brands has a fifty-two week low of $0.80 and a fifty-two week high of $1.99. The company has a market capitalization of $16.64 million, a price-to-earnings ratio of -3.26 and a beta of 1.45. The firm has a 50-day simple moving average of $0.94 and a 200-day simple moving average of $1.12.
Institutional Investors Weigh In On Xcel Brands
Hedge funds have recently added to or reduced their stakes in the company. Potomac Capital Management Inc. lifted its position in Xcel Brands by 19.1% in the second quarter. Potomac Capital Management Inc. now owns 693,629 shares of the textile maker’s stock valued at $818,000 after purchasing an additional 111,237 shares during the period. Miramar Capital LLC acquired a new stake in Xcel Brands in the first quarter valued at about $106,000. Vanguard Group Inc. lifted its position in Xcel Brands by 36.3% in the first quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock valued at $537,000 after purchasing an additional 95,997 shares during the period. Finally, Summit Trail Advisors LLC lifted its position in Xcel Brands by 35.0% in the third quarter. Summit Trail Advisors LLC now owns 1,681,740 shares of the textile maker’s stock valued at $1,603,000 after purchasing an additional 435,902 shares during the period. Institutional investors and hedge funds own 15.50% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Xcel Brands (XELB)
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