Potomac Capital Management Inc. Makes New $441,000 Investment in Xcel Brands, Inc $XELB

Potomac Capital Management Inc. bought a new position in Xcel Brands, Inc (NASDAQ:XELB) in the fourth quarter, Holdings Channel.com reports. The fund bought 408,400 shares of the textile maker’s stock, valued at approximately $441,000. Potomac Capital Management Inc. owned 0.07% of Xcel Brands as of its most recent filing with the Securities & Exchange Commission.

Separately, Citadel Advisors LLC acquired a new stake in Xcel Brands in the third quarter worth approximately $88,000. 18.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Xcel Brands currently has a consensus rating of “Hold” and an average target price of $3.00.

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $2.10 on Wednesday. Xcel Brands, Inc has a one year low of $0.74 and a one year high of $2.66. The stock has a fifty day moving average of $1.99 and a 200-day moving average of $1.59. The company has a market capitalization of $12.71 million, a PE ratio of -0.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.58 and a current ratio of 0.58.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings data on Thursday, May 14th. The textile maker reported ($0.42) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.22. Xcel Brands had a negative return on equity of 83.71% and a negative net margin of 361.04%.The company had revenue of $1.14 million during the quarter, compared to the consensus estimate of $1.65 million. As a group, equities analysts anticipate that Xcel Brands, Inc will post -1.41 EPS for the current fiscal year.

About Xcel Brands

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.