The Senior Vice President of Stores Sales and Operations at Destination XL Group Inc. (NASDAQ:DXLG), Brian Reaves, unloaded 10,000 shares of Common Stock in a two day transaction completed today. Reaves sold 5,000 shares at a price of $5.17 per share, before liquidating another 5,000, directly, today, paying $5.19 per share. Concluding the sale, the Senior VP now holds 79,451 company shares to his name.
Although the most recent insider trades at Destination XL have been sales, the share acquisitions completed by Director and Shareholder, Willem Mesdag, were of larger significance in terms of volume. At the end of March, Mesdag executed his last purchase, gaining 1.22 million shares for $5.73 per share, and boosting his overall holdings to 7.52 million.
Furthermore, hedge fund activity has been relatively positive throughout Q1 of fiscal 2014, with several investors increasing Destination XL’s participation in their portfolios. Thus, Phil Frohlich’s hedge fund, Prescott Group Capital Management, increased its activity by 32%, now owning 936,220 shares, with a value of $5.2 million.
Disclosure: none
