Destination XL Group Inc (NASDAQ:DXLG) Director Justin Dye Purchases 3,500,000 Shares

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Destination XL Group Inc (NASDAQ:DXLG) Director Justin Dye purchased 3,500,000 shares of the firm’s stock in a transaction that occurred on Sunday, June 16th. The stock was acquired at an average price of $2.00 per share, with a total value of $7,000,000.00.

Shares of NASDAQ DXLG opened at $1.55 on Thursday. Destination XL Group Inc has a 1 year low of $1.50 and a 1 year high of $3.52. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.91 and a quick ratio of 0.15. The firm has a 50-day moving average of $1.70 and a 200 day moving average of $1.97.

A number of institutional investors and hedge funds have recently made changes to their positions in DXLG. B. Riley Financial Inc. bought a new position in shares of Destination XL Group during the first quarter valued at approximately $66,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Destination XL Group by 11.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 71,641 shares of the specialty retailer’s stock valued at $176,000 after purchasing an additional 7,301 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Destination XL Group by 1.7% during the second quarter. BlackRock Inc. now owns 1,005,909 shares of the specialty retailer’s stock valued at $1,771,000 after purchasing an additional 16,461 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of Destination XL Group by 28.6% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,554,284 shares of the specialty retailer’s stock worth $3,808,000 after purchasing an additional 345,807 shares in the last quarter. Institutional investors and hedge funds own 64.06% 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 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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