Insider Selling: Xcel Brands, Inc (XELB) Director Sells 7,500 Shares of Stock

Xcel Brands, Inc (NASDAQ:XELB) Director Edward Jones III sold 7,500 shares of Xcel Brands stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $4.14, for a total value of $31,050.00. Following the completion of the sale, the director now directly owns 67,382 shares in the company, valued at $278,961.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Receive News & Ratings for Xcel Brands Inc Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Brands Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Shares of Xcel Brands, Inc (NASDAQ XELB) traded down 1.18% during mid-day trading on Monday, hitting $4.20. The stock had a trading volume of 2,077 shares. The company has a market cap of $66.96 million, a PE ratio of 29.58 and a beta of 0.66. The stock has a 50 day moving average price of $3.64 and a 200-day moving average price of $3.17. Xcel Brands, Inc has a 52-week low of $1.80 and a 52-week high of $5.30.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.01. Xcel Brands had a net margin of 8.38% and a return on equity of 0.99%. The firm had revenue of $8.37 million during the quarter. On average, equities analysts expect that Xcel Brands, Inc will post $0.31 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “[[title]]” was published by [[site]] and is the sole property of of [[site]]. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at [[permalink]].

A number of analysts have recently issued reports on XELB shares. ValuEngine raised Xcel Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, May 17th. FBR & Co reaffirmed a “buy” rating and issued a $4.50 price target (up from $4.00) on shares of Xcel Brands in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised Xcel Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 24th.

A hedge fund recently raised its stake in Xcel Brands stock. ARS Investment Partners LLC increased its stake in Xcel Brands, Inc (NASDAQ:XELB) by 15.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 431,327 shares of the textile maker’s stock after buying an additional 58,883 shares during the period. ARS Investment Partners LLC owned 2.79% of Xcel Brands worth $1,165,000 at the end of the most recent reporting period. 23.00% of the stock is owned by hedge funds and other institutional investors.

About Xcel Brands

Xcel Brands, Inc is a brand development and media company. The Company is engaged in the design, production, licensing, marketing, and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of consumer lifestyle brands.