Numerex Corp. (NMRX), Black Diamond Inc (BDE), Axcelis Technologies Inc (ACLS): Top Stock Picks Of Potomac Capital Management

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The second largest investment of Potomac Capital Management at the end of March is represented by Black Diamond Inc (NASDAQ:BDE). Paul Solit’s position in the company includes 522,510 shares worth $4.94 million, the stake being increased by 483,410 shares during the first quarter of 2015. Sporting goods producer has a market cap of $289.76 million and a P/E ratio of 20.60, which is significantly below the industry average of 37.70. Matthew A. Weatherbie’s Weatherbie Capital and Chuck Royce’s Royce & Associates are two other investors of Black Diamond Inc (NASDAQ:BDE).

Axcelis Technologies Inc (NASDAQ:ACLS) is another one of Potomac Capital Management’s tech picks, the position containing 81,392 shares valued at $2.67 million. Axcelis Technologies Inc (NASDAQ:ACLS) produces ion implant systems for the semiconductor industry, which has a global yearly sales volume of around $1 billion. The company has a market share of around 12.3% as of 2014, up from 8.8% a year earlier and it expects further growth to between 17% and 20% during 2015. For the first quarter of 2015, Axcelis Technologies Inc (NASDAQ:ACLS) reported revenue of $73.3 million and gross margin of 31.9%. Richard Mashaal’s Rima Senvest Management was a major investor in Axcelis Technologies Inc (NASDAQ:ACLS) with 5.29 million shares held at the end of last year.

In Audience Inc (NASDAQ:ADNC), Potomac Capital Management has initiated a new position of 795,694 shares valued at $3.61 million during the first quarter of 2015. Audience Inc (NASDAQ:ADNC) is a $111.34 million voice and audio solutions provider for mobile devices. For the first quarter of 2015, the company recorded revenue of $18.44 million, a 49% decrease from the same quarter of 2014. Moreover, recently Audience Inc (NASDAQ:ADNC) has entered into a merger agreement with Knowles Corporation (NYSE:KN), which will pay $5.00 per share in cash and stock. Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management held 115,941 shares of the company, according to their last 13F filing.

Disclosure: None

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