ICM Asset Management Inc. WA Decreases Stake in Destination XL Group Inc (DXLG)

ICM Asset Management Inc. WA cut its holdings in Destination XL Group Inc (NASDAQ:DXLG) by 1.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,417,939 shares of the specialty retailer’s stock after selling 14,485 shares during the period. Destination XL Group comprises approximately 2.7% of ICM Asset Management Inc. WA’s holdings, making the stock its 11th biggest position. ICM Asset Management Inc. WA owned 2.86% of Destination XL Group worth $3,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Destination XL Group by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,600,863 shares of the specialty retailer’s stock valued at $3,474,000 after buying an additional 13,100 shares during the period. Barclays PLC boosted its holdings in shares of Destination XL Group by 923.5% in the 4th quarter. Barclays PLC now owns 27,429 shares of the specialty retailer’s stock valued at $60,000 after buying an additional 24,749 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Destination XL Group by 1,976.1% in the 4th quarter. Acadian Asset Management LLC now owns 33,342 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 31,736 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Destination XL Group in the 4th quarter valued at about $140,000. Finally, Cannell Capital LLC boosted its holdings in shares of Destination XL Group by 5.1% in the 4th quarter. Cannell Capital LLC now owns 5,170,722 shares of the specialty retailer’s stock valued at $11,220,000 after buying an additional 250,645 shares during the period. 66.03% of the stock is owned by institutional investors and hedge funds.

In other Destination XL Group news, major shareholder Prescott Group Capital Managem sold 185,047 shares of the business’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $2.51, for a total transaction of $464,467.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cannell Capital Llc purchased 15,812 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were bought at an average price of $2.36 per share, for a total transaction of $37,316.32. The disclosure for this purchase can be found here. Insiders bought a total of 46,696 shares of company stock valued at $113,513 over the last ninety days. Company insiders own 32.01% of the company’s stock.

Shares of NASDAQ DXLG traded up $0.03 during midday trading on Monday, hitting $2.26. The company’s stock had a trading volume of 11,650 shares, compared to its average volume of 53,835. Destination XL Group Inc has a 1-year low of $1.45 and a 1-year high of $3.52. The company has a quick ratio of 0.19, a current ratio of 1.18 and a debt-to-equity ratio of 0.25.

Destination XL Group (NASDAQ:DXLG) last posted its quarterly earnings results on Friday, March 22nd. The specialty retailer reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. Destination XL Group had a negative net margin of 2.86% and a negative return on equity of 5.57%. The business had revenue of $131.15 million during the quarter.

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Destination XL Group 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; casual clothing; and lifestyle products comprising chairs, outdoor accessories, travel accessories, bed and bath products, and fitness equipment.

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

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