Insider Buying: Destination XL Group Inc (NASDAQ:DXLG) Major Shareholder Acquires 101,000 Shares of Stock

Destination XL Group Inc (NASDAQ:DXLG) major shareholder Cannell Capital Llc acquired 101,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was acquired at an average cost of $1.56 per share, with a total value of $157,560.00. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Cannell Capital Llc also recently made the following trade(s):

  • On Wednesday, June 5th, Cannell Capital Llc acquired 37,699 shares of Destination XL Group stock. The stock was acquired at an average cost of $1.67 per share, with a total value of $62,957.33.
  • On Thursday, May 30th, Cannell Capital Llc acquired 97,500 shares of Destination XL Group stock. The stock was acquired at an average cost of $1.55 per share, with a total value of $151,125.00.
  • On Wednesday, March 20th, Cannell Capital Llc acquired 15,812 shares of Destination XL Group stock. The stock was acquired at an average cost of $2.36 per share, with a total value of $37,316.32.
  • On Monday, March 18th, Cannell Capital Llc acquired 2,400 shares of Destination XL Group stock. The stock was acquired at an average cost of $2.44 per share, with a total value of $5,856.00.
  • On Friday, March 15th, Cannell Capital Llc acquired 10,915 shares of Destination XL Group stock. The stock was acquired at an average cost of $2.47 per share, with a total value of $26,960.05.
  • On Monday, March 11th, Cannell Capital Llc acquired 3,992 shares of Destination XL Group stock. The stock was acquired at an average cost of $2.46 per share, with a total value of $9,820.32.
  • On Wednesday, March 13th, Cannell Capital Llc acquired 5,431 shares of Destination XL Group stock. The stock was acquired at an average cost of $2.46 per share, with a total value of $13,360.26.

Shares of NASDAQ:DXLG traded up $0.03 during midday trading on Wednesday, reaching $1.71. The company’s stock had a trading volume of 40,317 shares, compared to its average volume of 87,235. Destination XL Group Inc has a 1 year low of $1.52 and a 1 year high of $3.52. The company has a quick ratio of 0.15, a current ratio of 0.90 and a debt-to-equity ratio of 3.61. The company’s 50 day moving average is $1.76.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings results on Friday, May 24th. The specialty retailer reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). The company had revenue of $112.97 million during the quarter. Destination XL Group had a negative return on equity of 4.88% and a negative net margin of 2.85%.

A number of institutional investors have recently bought and sold shares of DXLG. Signia Capital Management LLC bought a new stake in Destination XL Group during the fourth quarter valued at about $1,745,000. Punch & Associates Investment Management Inc. boosted its holdings in Destination XL Group by 28.6% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,554,284 shares of the specialty retailer’s stock valued at $3,808,000 after acquiring an additional 345,807 shares during the period. Cannell Capital LLC boosted its holdings in Destination XL Group by 5.1% during the fourth quarter. Cannell Capital LLC now owns 5,170,722 shares of the specialty retailer’s stock valued at $11,220,000 after acquiring an additional 250,645 shares during the period. Ashfield Capital Partners LLC bought a new stake in Destination XL Group during the first quarter valued at about $250,000. Finally, Bailard Inc. bought a new stake in Destination XL Group during the first quarter valued at about $207,000. 64.89% of the stock is currently owned by hedge funds and other institutional investors.

About Destination XL Group

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of big and tall men's apparel. Its stores offer sportswear and dress wear; shoes; accessories, such as belts, ties, and socks; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing.

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

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