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Destination XL Group Inc (DXLG) Elects Red Mountain Capital’s Representative on Its Board

Red Mountain Capital revealed in a recent filing, that Mr. Willem Mesdag, Managing Partner of Red Mountain was elected to the board of Destination XL Group Inc (NASDAQ:DXLG).

Aside from that Willem Mesdag’s Red Mountain Capital, reiterated its stake in Destination XL Group Inc (NASDAQ:DXLG), which currently amasses 4.84 million shares, up from 4.28 million shares held in October 2013. Red Mountain Capital had initiated a position in Destination XL in the third quarter of 2013. The current holding equals to 9.5% of the company’s common stock.

Destination XL Group

 

In the previous quarter the insiders sliced their stake in the company. Dennis Hernreich, EVP, COO, and CFO and David Levin, director at Destination XL Group Inc (NASDAQ:DXLG) have trimmed their holdings and now hold 411,736 shares and 1.22 million shares respectively.

Glenhill Advisors, managed by Glenn J. Krevlin also holds 4.18 million shares of Destination XL Group Inc (NASDAQ:DXLG), as of the end of the third quarter.

Christopher Shackelton and Adam Gray’s Coliseum Capital, is another hedge fund, which has 2.16% of its equity portfolio invested in the company, the position containing around 692,600 shares. J. Carlo Cannell’s fund Cannell Capital, initiated a position in Destination XL Group Inc (NASDAQ:DXLG) in the third quarter, and held 71,392 shares at the end of September 2013.

Other companies held by Red Mountain Capital in its equity portfolio are Air Transport Services Group Inc. (NASDAQ:ATSG), wherein the fund held 11.15 million shares at the end of the third quarter. Next on the list is STR Holdings, Inc. (NYSE:STRI), representing 4.38% of the equity portfolio of Red Mountain, valued at $13.84 million. Sitting on the fourth spot after Destination XL Group Inc (NASDAQ:DXLG) is RadNet Inc. (NASDAQ:RDNT), in which the fund held 2.44 million shares.

Disclosure: none

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