Destination XL Group, Inc. (OTCMKTS:DXLG) major shareholder Awm Investment Company, Inc. sells 150,000 shares

Destination XL Group, Inc. (OTCMKTS:DXLG – received rating) Major shareholder Awm Investment Company, Inc. sold 150,000 shares of the company’s shares in a transaction on Friday, August 12. The shares sold at an average price of $4.15 for a total value of $622,500.00. Upon completion of the sale, the insider now owns 10,343,179 shares of the company’s stock valued at $42,924,192.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders who own more than 10% of a company’s stock must disclose their sales and purchases to the SEC.

Awm Investment Company, Inc. also recently made the following trades:

  • On Wednesday, August 10th, Awm Investment Company, Inc. sold 227,255 shares of Destination XL Group. The shares sold at an average price of $4.45 for a total value of $1,011,284.75.

Destination XL Group inventories up 2.1%

OTCMKTS:DXLG shares rose $0.09 during Friday trade to hit $4.28. 708,721 shares of the company were traded compared to an average volume of 642,091. The company’s 50-day moving average is $4.05 and its 200-day moving average is $4.43. The company has a market cap of $268.11 million, a P/E of 7.13 and a beta of 1.61. Destination XL Group, Inc. has a 52-week low of $3.27 and a 52-week high of $8.99.

Destination XL Group (OTCMKTS:DXLG – received rating) last released its earnings results on Thursday, May 26th. The company reported earnings per share of $0.20 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 $127.66 million for the quarter. As a group, research analysts expect Destination XL Group, Inc. to post 0.83 EPS for the year to date.

Hedge funds rely on Destination XL Group

A number of institutional investors recently changed their holdings in the company. BlackRock Inc. increased its holding in Destination XL Group shares by 0.6% in the first quarter. BlackRock Inc. now owns 459,033 shares of the company’s stock valued at $2,240,000 after purchasing an additional 2,744 shares last quarter. JBF Capital Inc. acquired a new position in Destination XL Group valued at approximately $28,000 during the fourth quarter. Brandywine Global Investment Management LLC increased its stake in Destination XL Group by 52.9% in the second quarter. Brandywine Global Investment Management LLC now owns 22,380 shares of the company’s stock valued at $76,000 after purchasing an additional 7,740 shares last quarter. SG Americas Securities LLC acquired a new interest in Destination XL Group stock valued at approximately $40,000 during the second quarter. Finally, Brendel Financial Advisors LLC acquired a new interest in Destination XL Group stock valued at approximately $62,000 during the first quarter. Institutional investors and hedge funds own 50.24% of the company’s shares.

About Destination XL Group

(received rating)

Destination XL Group, Inc, together with its subsidiaries, operates as a specialty retailer of clothing and footwear for tall and tall men throughout the United States and Canada. Its stores offer sportswear and dress wear; fashion neutral items, including jeans, slacks, t-shirts, polo shirts, dress shirts and suit items; and casual wear.

Selected Stories

Insider Buys and Sales by Quarter for Destination XL Group (OTCMKTS:DXLG)

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