Walleye Capital LLC boosted its holdings in shares of Destination XL Group, Inc. (NASDAQ:DXLG – Get Rating) by 99.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,088 shares of the company’s stock after acquiring an additional 43,010 shares during the quarter. Walleye Capital LLC owned 0.14% of Destination XL Group worth $292,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Destination XL Group during the second quarter valued at approximately $40,000. Brendel Financial Advisors LLC acquired a new stake in shares of Destination XL Group during the 1st quarter valued at $62,000. Quantbot Technologies LP grew its holdings in shares of Destination XL Group by 1,535.5% during the 1st quarter. Quantbot Technologies LP now owns 14,311 shares of the company’s stock valued at $69,000 after acquiring an additional 13,436 shares in the last quarter. Cannell & Co. acquired a new position in shares of Destination XL Group in the first quarter worth $72,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Destination XL Group during the second quarter worth $58,000. Hedge funds and other institutional investors own 62.60% of the company’s stock.
Destination XL Group Stock Performance
Shares of DXLG opened at $6.43 on Friday. The firm has a market cap of $397.09 million, a PE ratio of 4.63 and a beta of 1.54. The firm’s 50 day moving average price is $6.13 and its 200 day moving average price is $5.43. Destination XL Group, Inc. has a twelve month low of $3.27 and a twelve month high of $8.87.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on Destination XL Group in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock.
Insiders Place Their Bets
In other news, major shareholder Awm Investment Company, Inc. sold 100,000 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $4.22, for a total transaction of $422,000.00. Following the transaction, the insider now owns 9,870,434 shares of the company’s stock, valued at approximately $41,653,231.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, General Counsel Robert S. Molloy sold 71,708 shares of Destination XL Group stock in a transaction on Monday, October 31st. The shares were sold at an average price of $6.61, for a total value of $473,989.88. Following the transaction, the general counsel now owns 208,448 shares in the company, valued at approximately $1,377,841.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Awm Investment Company, Inc. sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $4.22, for a total transaction of $422,000.00. Following the transaction, the insider now directly owns 9,870,434 shares of the company’s stock, valued at approximately $41,653,231.48. The disclosure for this sale can be found here. Insiders sold 378,497 shares of company stock valued at $1,990,782 over the last quarter. Insiders own 10.60% of the company’s stock.
Destination XL Group Company Profile
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.
- Get a free copy of the StockNews.com research report on Destination XL Group (DXLG)
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