Summit Trail Advisors LLC Raises Holdings in Xcel Brands, Inc. (NASDAQ:XELB)

Summit Trail Advisors LLC lifted its stake in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,452,593 shares of the textile maker’s stock after acquiring an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned approximately 0.10% of Xcel Brands worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.

Analyst Upgrades and Downgrades

XELB has been the topic of a number of recent research reports. StockNews.com initiated coverage on Xcel Brands in a research note on Tuesday. They issued a “sell” rating on the stock. Sidoti upgraded Xcel Brands to a “hold” rating in a research report on Friday, January 31st.

Xcel Brands Stock Performance

Shares of XELB stock opened at $0.39 on Tuesday. The business’s 50 day moving average is $0.49 and its two-hundred day moving average is $0.64. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.09. Xcel Brands, Inc. has a 12-month low of $0.33 and a 12-month high of $1.09.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Friday, December 20th. The textile maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Xcel Brands had a negative return on equity of 19.20% and a negative net margin of 236.80%. On average, equities analysts expect that Xcel Brands, Inc. will post -0.23 earnings per share for the current fiscal year.

About Xcel Brands

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, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.