Insider Selling: Destination XL Group, Inc. (OTCMKTS:DXLG) Major Shareholder Sells 55,045 Shares of Stock

Destination XL Group, Inc. (OTCMKTS:DXLGGet Rating) major shareholder Awm Investment Company, Inc. sold 55,045 shares of Destination XL Group stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $5.36, for a total value of $295,041.20. Following the transaction, the insider now directly owns 11,026,748 shares in the company, valued at $59,103,369.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Awm Investment Company, Inc. also recently made the following trade(s):

  • On Thursday, April 21st, Awm Investment Company, Inc. sold 6,314 shares of Destination XL Group stock. The shares were sold at an average price of $5.11, for a total value of $32,264.54.

Shares of DXLG stock traded down $0.21 during trading hours on Thursday, reaching $4.90. 427,844 shares of the company traded hands, compared to its average volume of 616,423. Destination XL Group, Inc. has a 12-month low of $1.14 and a 12-month high of $8.99. The company has a market cap of $315.07 million, a P/E ratio of 8.17 and a beta of 1.61. The firm has a 50-day moving average price of $4.70 and a 200 day moving average price of $5.72.

Destination XL Group (OTCMKTS:DXLGGet Rating) last posted its quarterly earnings results on Thursday, March 17th. The company reported $0.14 EPS for the quarter. Destination XL Group had a return on equity of 154.27% and a net margin of 8.85%. The company had revenue of $133.45 million for the quarter. Sell-side analysts expect that Destination XL Group, Inc. will post 0.83 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Walleye Capital LLC purchased a new position in Destination XL Group in the 4th quarter worth approximately $425,000. Options Solutions LLC purchased a new position in Destination XL Group in the 4th quarter worth approximately $378,000. BlackRock Inc. lifted its holdings in Destination XL Group by 25,109.3% in the 4th quarter. BlackRock Inc. now owns 456,289 shares of the company’s stock worth $2,592,000 after purchasing an additional 454,479 shares in the last quarter. Walleye Trading LLC purchased a new position in Destination XL Group in the 4th quarter worth approximately $138,000. Finally, Wolf Hill Capital Management LP purchased a new position in Destination XL Group in the 4th quarter worth approximately $7,810,000. 50.24% of the stock is currently owned by institutional investors.

About Destination XL Group (Get Rating)

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 and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.

Further Reading

Insider Buying and Selling by Quarter for Destination XL Group (OTCMKTS:DXLG)

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