Walleye Trading LLC Raises Stock Holdings in Destination XL Group, Inc. (NASDAQ:DXLG)

Walleye Trading LLC raised its position in shares of Destination XL Group, Inc. (NASDAQ:DXLGGet Rating) by 90.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,404 shares of the company’s stock after buying an additional 13,045 shares during the quarter. Walleye Trading LLC’s holdings in Destination XL Group were worth $93,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DXLG. Royce & Associates LP acquired a new stake in Destination XL Group during the first quarter valued at approximately $366,000. Qube Research & Technologies Ltd raised its position in shares of Destination XL Group by 38.1% during the 1st quarter. Qube Research & Technologies Ltd now owns 119,310 shares of the company’s stock worth $582,000 after purchasing an additional 32,895 shares during the period. Cannell & Co. acquired a new stake in shares of Destination XL Group during the 1st quarter worth approximately $72,000. Brendel Financial Advisors LLC acquired a new stake in shares of Destination XL Group during the 1st quarter worth approximately $62,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Destination XL Group during the 1st quarter worth approximately $456,000. Institutional investors and hedge funds own 62.60% of the company’s stock.

Destination XL Group Trading Up 2.8 %

Shares of Destination XL Group stock opened at $6.61 on Friday. The business’s 50 day simple moving average is $6.15 and its 200-day simple moving average is $5.45. The stock has a market capitalization of $408.23 million, a price-to-earnings ratio of 4.90 and a beta of 1.54. Destination XL Group, Inc. has a twelve month low of $3.27 and a twelve month high of $8.87.

Destination XL Group (NASDAQ:DXLGGet Rating) last posted its earnings results on Thursday, August 25th. The company reported $0.32 EPS for the quarter. Destination XL Group had a return on equity of 67.89% and a net margin of 16.94%. The firm had revenue of $144.63 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Destination XL Group in a research report on Wednesday, October 12th. They set a “buy” rating on the stock.

Insider Activity at Destination XL Group

In related news, General Counsel Robert S. Molloy sold 71,708 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $6.61, for a total value of $473,989.88. Following the sale, the general counsel now directly owns 208,448 shares in the company, valued at approximately $1,377,841.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Destination XL Group news, major shareholder Awm Investment Company, Inc. sold 100,000 shares of the 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 completion of the transaction, the insider now directly owns 9,870,434 shares of the company’s stock, valued at approximately $41,653,231.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Robert S. Molloy sold 71,708 shares of the 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 directly owns 208,448 shares of the company’s stock, valued at $1,377,841.28. The disclosure for this sale can be found here. Insiders have sold a total of 378,497 shares of company stock worth $1,990,782 in the last three months. 10.60% of the stock is owned by company insiders.

Destination XL Group Profile

(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.

See Also

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Institutional Ownership by Quarter for Destination XL Group (NASDAQ:DXLG)

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