408,400 Shares in Xcel Brands, Inc $XELB Acquired by Potomac Capital Management Inc.

Potomac Capital Management Inc. acquired a new position in Xcel Brands, Inc (NASDAQ:XELB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 408,400 shares of the textile maker’s stock, valued at approximately $441,000. Potomac Capital Management Inc. owned approximately 6.93% of Xcel Brands at the end of the most recent reporting period.

Separately, Citadel Advisors LLC bought a new position in Xcel Brands in the 3rd quarter worth approximately $88,000. 18.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Xcel Brands Stock Performance

Shares of XELB stock opened at $2.10 on Wednesday. Xcel Brands, Inc has a 12-month low of $0.74 and a 12-month high of $2.66. The firm has a market capitalization of $12.71 million, a price-to-earnings ratio of -0.45 and a beta of 1.18. The business has a 50 day simple moving average of $1.99 and a 200 day simple moving average of $1.59. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.58 and a quick ratio of 0.58.

Xcel Brands (NASDAQ:XELB) last released its earnings results on Thursday, May 14th. The textile maker reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.22. The firm had revenue of $1.14 million during the quarter, compared to the consensus estimate of $1.65 million. Xcel Brands had a negative return on equity of 83.71% and a negative net margin of 361.04%. On average, equities research analysts anticipate that Xcel Brands, Inc will post -1.41 EPS for the current year.

Xcel Brands Company Profile

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.