Destination XL Group, Inc. (NASDAQ:DXLG) Major Shareholder Sells $708,750.00 in Stock

Destination XL Group, Inc. (NASDAQ:DXLG) major shareholder Fund 1 Investments, Llc sold 225,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $3.15, for a total value of $708,750.00. Following the transaction, the insider now owns 5,691,577 shares of the company’s stock, valued at $17,928,467.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Destination XL Group Price Performance

Shares of NASDAQ:DXLG traded down $0.06 during trading on Friday, reaching $3.24. The stock had a trading volume of 289,469 shares, compared to its average volume of 301,885. The stock has a market capitalization of $187.89 million, a PE ratio of 7.53 and a beta of 1.37. Destination XL Group, Inc. has a 52 week low of $3.12 and a 52 week high of $5.36. The business’s 50-day moving average price is $3.53 and its 200 day moving average price is $3.96.

Destination XL Group (NASDAQ:DXLG) last issued its quarterly earnings data on Thursday, March 21st. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $137.14 million during the quarter. Destination XL Group had a return on equity of 21.84% and a net margin of 5.34%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Destination XL Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DXLG. GSA Capital Partners LLP raised its stake in shares of Destination XL Group by 60.5% in the first quarter. GSA Capital Partners LLP now owns 253,516 shares of the company’s stock worth $913,000 after acquiring an additional 95,606 shares during the last quarter. BNP Paribas Financial Markets raised its position in Destination XL Group by 81.1% in the 1st quarter. BNP Paribas Financial Markets now owns 28,261 shares of the company’s stock worth $102,000 after purchasing an additional 12,656 shares during the last quarter. Fund 1 Investments LLC lifted its holdings in Destination XL Group by 144.3% during the 4th quarter. Fund 1 Investments LLC now owns 5,239,180 shares of the company’s stock worth $23,052,000 after buying an additional 3,094,183 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in Destination XL Group by 2.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 573,960 shares of the company’s stock valued at $2,525,000 after buying an additional 15,633 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of Destination XL Group by 26.6% in the 4th quarter. Panagora Asset Management Inc. now owns 307,811 shares of the company’s stock valued at $1,354,000 after buying an additional 64,583 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.

About Destination XL Group

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and shoes in the United States. The company's stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual pants, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.