Fund 1 Investments, Llc Sells 225,000 Shares of Destination XL Group, Inc. (NASDAQ:DXLG) Stock

Destination XL Group, Inc. (NASDAQ:DXLG) major shareholder Fund 1 Investments, Llc sold 225,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $3.15, for a total transaction of $708,750.00. Following the completion of the sale, the insider now owns 5,691,577 shares in the company, valued at approximately $17,928,467.55. The sale 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 shares are required to disclose their sales and purchases with the SEC.

Destination XL Group Price Performance

Shares of DXLG opened at $3.24 on Friday. The business’s 50 day simple moving average is $3.52 and its 200-day simple moving average is $3.95. Destination XL Group, Inc. has a 1 year low of $3.12 and a 1 year high of $5.36. The stock has a market capitalization of $187.89 million, a price-to-earnings ratio of 7.53 and a beta of 1.37.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Destination XL Group

Several hedge funds have recently made changes to their positions in DXLG. GSA Capital Partners LLP grew its position in 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 in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of 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 period. Fund 1 Investments LLC increased its position in shares of 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 valued at $23,052,000 after purchasing an additional 3,094,183 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in Destination XL Group by 2.8% during 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 period. Finally, Panagora Asset Management Inc. lifted its position in Destination XL Group by 26.6% in the fourth quarter. Panagora Asset Management Inc. now owns 307,811 shares of the company’s stock worth $1,354,000 after buying an additional 64,583 shares during the last quarter. 73.49% of the stock is currently owned by hedge funds and other institutional investors.

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. 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.