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

Summit Trail Advisors LLC lifted its stake in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period.

Xcel Brands Stock Performance

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

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate 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%. As a group, sell-side analysts forecast that Xcel Brands, Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Sidoti raised Xcel Brands to a “hold” rating in a research report on Friday, January 31st. StockNews.com began coverage on Xcel Brands in a research report on Tuesday. They issued a “sell” rating for the company.

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