The CEO & Chairman of XCel Brands (XELB) is Buying Shares

Yesterday, the CEO & Chairman of XCel Brands (XELB), Robert Loren, bought shares of XELB for $4,989.

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Based on XCel Brands’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $8.27 million and quarterly net profit of $982K. In comparison, last year the company earned revenue of $7.02 million and had a GAAP net loss of $10.19 million. Currently, XCel Brands has an average volume of 39.7K.

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XCel Brands, Inc. is a media and brand management company, which engages in the design, production, licensing, marketing, and director to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands.